November 11, 2017

The Ultimate “Six-Pack” Investment

SOLD
189-193 Chesterville Road & 24-28 Independence St, Moorabbin

Six adjoining commercial properties on a large corner block in Moorabbin were sold as one after auction to an investor for an undisclosed sum.  Three of the properties were separate showrooms at 189-193 Chesterville Road, and three were separate warehouses at 24-28 Independence Street.  The total building size was 1,305sqm, on land of 1,686sqm, generating rental income of approximately $145,000 when fully leased.

James Glen, Senior Selling Executive, said, “Due...

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November 11, 2017

HEALTHY INVESTMENT LAPPED UP

SOLD
55 Grant Road, Somerville

The YMCA at 55 Grant Road has been sold by Tom Crowder of Nichols Crowder for $2.65 million.  The modern 1,841sqm building on land of 5,037sqm contains a 25-metre heated swimming pool, a hydro pool, cardio room, gymnasium, change rooms and café.  The property also has parking for around 80 cars.  “Sold with a yield of 6.9%, and with a lease option through to April 2022, this is a great result for the...

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November 03, 2017

SOLD WITHIN 3 WEEKS!!

SOLD
22 Access Way, Carrum Downs

A near-new warehouse and office building of 817sqm at 22 Access Way has been sold by James Dodge and Joshua Monks of Nichols Crowder for $1.127 million.  The clear span warehouse with 3 phase power and motorised roller door is suitable for a range of functions. 

The office component features a reception area, five offices, a boardroom, lunchroom and extensive staff facilities.  “With 11 car spaces and extensive security and data cabling, this quality...

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November 02, 2017

STRATA OFFICE APPEAL

SOLD
Suite 4, 83 Wellington St, St Kilda

Demand for inner-city offices remains strong, with a 155sqm, 2-storey office at 4/83-87 Wellington Street selling via an EOI campaign for $865,000.  Marketed and sold by Julian Vautin of Nichols Crowder, the property included extensive partitioning and staff amenities, as well as two onsite car spaces. 

Vautin says, “Being a short walk to Fitzroy Street and Chapel Street, and with some development potential (STCA), there was a lot of serious interest in...

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November 02, 2017

IMPRESSIVE ELSTERNWICK SALE

SOLD
329 Glenhuntly Road, Elsternwick

An iconic two-storey building on the corner of 329 Glenhuntly Road and St Georges Road sold at auction for $2.735 million to an investor.  Offered for the first time in over 40 years, the two-storey building included a large ground floor retail shop, and a first floor 3-bedroom apartment. 

Over 150 bids were taken from three bidders in front of a crowd of 50people.  Marketed by Sally-Anne McQuillian of Nichols Crowder said, “The investor market...

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November 01, 2017

STAND OUT BAY ROAD SALE

SOLD
257 Bay Road (Cnr Avoca St), Cheltenham

The Bayside Business District (BBD), and Bay Road in particular, is fast becoming an important retail and showroom precinct in the region.  Further evidence of this was seen with recent sale of and older style brick vacant warehouse at the corner of 257 Bay Road and Avoca Street, Cheltenham.  The 315sqm building on land of 680sqm was sold after auction for $2.35 million.  This equates to a record BBD sale...

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November 01, 2017

XXXL – Central Commercial Asset

FOR SALE BY TENDER
Closing Thursday, November 30, 2017 at 3:00pm

7-7E Station Street, Frankston

Nichols Crowder is pleased to offer to the market a prime retail investment in the heart of Frankston’s core retail precinct.  This substantial property comprises 7 strata titles, being 7 tenancies to be sold as a whole via tender closing on Thursday, November 30 at 3:00pm.

With a total ground floor tenancy area of approximately 1,570sqm, the property generates income from its retail tenancies and rooftop...

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November 01, 2017

PRIME FRONTAGE ON MILGATE

AUCTION
Saturday, 18 November at 11:30am, on site

Units 16, 17 & 18 / 31-33 Milgate Drive, Mornington

Three new warehouses with great street exposure at 16, 17 & 18 / 31-33 Milgate Drive, Mornington are being auctioned individually on Saturday, November 18 at 11:30am, on site.  Zoned Industrial 3, the warehouses can be used for a range of purposes (STCA).

Each warehouse has a floor area between 144sqm and 147sqm, with additional storage mezzanine approved.  In addition to glass facades...

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November 01, 2017

DOUBLE INVESTMENT DELIGHT

SOLD
Shops 13 & 15 / 90 Main Street, Mornington

A double retail shop at 13 & 15/90 Main Street, Mornington has been sold for $965,000 on a yield of 4.8%.  Located in a popular arcade, the two shops of 88sqm are on a single title and provide an opportunity to subdivide (STCA).  Both shops are leased to quality tenants, and are close to several national retailers, including Coles, Target, and Liquorland.

Sales Executive, Jamie Stuart,...

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October 10, 2017

The Ultimate “Six-Pack”

AUCTION
Wednesday, November 1 at 12noon, on site

189-193 Chesterville Road & 24-28 Independence Street, Moorabbin

 A rare opportunity to purchase six adjoining properties on a busy Moorabbin corner has presented itself to the market.  Comprising three adjoining showrooms at 189-193 Chesterville Road, and three separate warehouses at 24-28 Independence Street, this huge corner property with a total street frontage of 88 metres is to be auctioned on Wednesday, November 1 at 12 noon, on site.

All six properties are on...

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