News

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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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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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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AUCTION
Thursday, March 8 at 1:00pm, on site

16 - 18 Bay Road, Sandringham

The first major retail property in Sandringham to hit the market over the past two years is to be auctioned on Thursday, March 8 at 1:00pm, on site.  The two adjoining retail shops, which are to be sold as one, are on the doorstep of Sandringham’s beach and station, and provide opportunities for owner occupiers, investors and developers alike.

“Sandringham is currently booming, and this rare property offers...

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PRESS RELEASE
February 2018

With a strong commercial and industrial property market along the Mornington Peninsula, the region’s largest and most popular agent, Nichols Crowder, has increased its presence in the area.  This has seen Tanya Scagliarini, Jamie Stuart and Cristy Gatto join Tom Crowder to expand the Nichols Crowder team and meet the growing needs of local vendors, buyers and landlords

Nichols Crowder has been servicing commercial and industrial property markets across the Mornington Peninsula for over a decade.  Now,...

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SOLD
7-7E Station Street, Frankston

A large retail and commercial property in the heart of Frankston’s main retail precinct has sold for over $5.33 million via a tender process, on a projected yield of around 5.8%. 

Marketed and sold by Sales and Leasing Executive Linda Ellis, the property comprised 7 tenancies on 7 strata titles.  These include Tri Star Medical Centre and a rooftop car park managed by Wilson Parking.  The whole building measures approximately 1,570sqm, plus the rooftop...

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SOLD
7 - 13 Bond Street, Mordialloc

An older-style brick warehouse on large land at 7-13 Bond Street, Mordialloc has sold under the hammer at auction for $1.55 million.  Marketed conjunctionally by James Glen of Nichols Crowder, and David Garfield of Nixon Industrial, the 692sqm warehouse sits on approximately 3,260sqm of Industrial 1 zoned land.  This includes an 863sqm drainage easement on title, plus a 70 metre frontage

Few warehouses become available in this tightly-held industrial precinct, with this one...

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SOLD
823 Nepean Hwy, Bentleigh

A retail showroom of 330sqm at 823 Nepean Highway, Bentleigh has old under the hammer at auction for $1.97 million.  The property is leased until 2022 (with options) to bike retailer 99 Bikes, with additional rental income from the leasing of a prominent rooftop signboard.  With total net rent of $99,000 per annum, the sale price represents a yield of around 5.0%. 

Near the corner of Patterson Road, the property benefits from exposure to approximately...

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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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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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