May 04, 2018

Winning in Webster

AUCTION
Wednesday, June 6 at 12:00 noon on site

10 Webster Street, Dandenong

Being offered to the market for the first time in 40 years, Nichols Crowder is pleased to offer 10 Webster Street to the market.  Set in a great location close to the Dandenong CBD, the property is to be auctioned on site on June 6 at 12:00noon.

Set on land of approximately 616sqm, the front clear span warehouse / showroom and rear garage total around 248sqm.  With 3...

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May 04, 2018

SUPER SITE : PRE-LEASE + DEVELOPMENT UPSIDE

FOR SALE BY Expression of Interest (EOI)
Closing Wednesday June 6 at 3:00pm

55 Canterbury Road, Bayswater North

Nichols Crowder is pleased to offer to the market a unique development opportunity at 55 Canterbury Road, Bayswater North.  The site of more than 2.6 hectares is being marketed via an EOI campaign closing Wednesday, June 6 at 3:00pm.

With a portion of the property pre-leased to a service station chain (pending permit and STCA), the remainder of the site has a permit...

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April 22, 2018

READY, SET, GO

AUCTION
Thursday, May 10 at 12:00noon, onsite

219 Tucker Road, McKinnon

The rare combination of a shop and dwelling with development upside is being offered to the market by Nichols Crowder.  To be auctioned onsite on May 10 at 12:00noon, 219 Tucker Road, McKinnon is suitable for developers, investors and owner occupiers alike.

Set on land of approximately 187sqm, the 120sqm building contains a retail shop on the ground floor, and a 2 bedroom apartment over two levels.  Zoned Commercial...

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April 17, 2018

Corner This Investment

AUCTION
Wednesday, May 16 at 12:00noon, onsite

60 Lakewood Boulevard, Carrum Downs

Nichols Crowder is pleased to present to the market a fantastic industrial investment opportunity at 60 Lakewood Boulevard, Carrum Downs.  This high-exposure modern warehouse and office is located on the corner of Frankston-Gardens Drive, and is to be auctioned onsite on Wednesday, May 16 at 12:00noon.

With a new 2-year lease staring from April 2018, the property returns $59,415 per annum, plus GST and outgoings, and an annual...

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March 28, 2018

RITCHIES IGA SUPERMAKET INVESTMENT

SOLD $3,019,000
2-4 Eramosa Road, Somerville

A property leased to Ritchies SUPA IGA at 2-4 Eramosa Road has sold at auction for $3.019 million.  On a corner block of approximately 1,926sqm, the 965sqm supermarket is currently leased for $208,819 per annum, representing a yield of 6.9%.  Leased to the supermarket chain since 1976, the current 15-year lease expires in 2024.  T

he Commercial 1 zoned property with dual-fronted access and extensive customer car parking was marketed by Matt Nichols and...

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March 22, 2018

BEST RESULT

SOLD $1,225,000

284 Como Parade West, Pardale

A 2-storey retail shop with upstairs yoga studio at 284 Como Parade West has sold under the hammer for $1.225 million.  With rear access and parking, the 151sqm building on 207sqm was sold with vacant possession.  The layout offers flexibility, with the potential for the second level to be used as offices or for residential purposes. 

Close to Parkdale train station, popular schools, boutique shops, and the beach, the...

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March 09, 2018

Sunny Day for Sandy Duo

SOLD UNDER THE HAMMER
16-18 Bay Road, Sandringham

On a glorious autumn afternoon in the beautiful beachside suburb of Sandringham, approximately 80 people attended the auction of two prime adjoining shops at 16-18 Bay Road. After a strong opening bid of $2.5 million, several groups quickly bid the property up to its winning price of $3.664 million through a total of 96 bids.

Set on land of 382sqm, the combined shops totalled 190sqm.  While one was currently leased to a...

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February 16, 2018

OFFICE WITH OPTIONS

AUCTION
Thursday, March 15 at 12:00 noon, on site

14 Balcombe Road, Mentone

Nichols Crowder is proud to offer to the market an affordable 2-storey office building with plenty of options in a high profile location close to Mentone station and shops.  Suitable for a range of buyers, the property is to be auctioned on site on Thursday, March 15 at 12:00 noon.

Set on land of approximately 276sqm, the building is generous in size being approximately 291sqm* and offers flexible office accommodation...

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February 16, 2018

MORNINGTON'S MAIN RETURN

LEASED
108 Main Street, Mornington

Solid demand for retail shops along Main Street, Mornington continues to provide strong returns for investors.  This has again been shown with the leasing of 108 Main Street to a skincare specialist for $81,000 per annum on a 3x3x3 year lease.  The 82sqm shop was leased by Tanya Scagliarini from Nichols Crowder’s Mornington office.

“108 Main Street was leased at a rate of circa $988 per square metre, with minimal incentive,”...

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February 08, 2018

PRESTIGIOUS BEACHSIDE SITE

For Sale by Expressions of Interest (EOI)
Closing Thursday, March 1 at 3:00pm

33 Bay Road, Sandringham

A once-in-a-lifetime opportunity has become available in a prestigious and rare Bayside locale near shops, restaurants and transport  With significant residential and/or commercial development potential, 33 Bay Road Sandringham is being sold via an EOI closing Thursday, March 1 at 3:00pm.

Set on land of 2,328sqm, the existing 1,338sqm building that was previously used as an aged care facility is being sold with vacant possession. ...

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