March 17, 2016

Portfolio Auction Results

PORTFOLIO AUCTION
Wednesday 16 March commencing 11am
Held at the Nichols Crowder and Nixon Industrial offices.

A large crowd of 50 gathered at the Nichols Crowder Moorabbin and Nixon Industrial offices to witness the first Portfolio Auction of 2016. On offer were five great properties suitable for owner occupiers, investors and developers. Of the five properties, two successfully sold.

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February 05, 2016

RARE SEAFORD INDUSTRIAL LAND/YARD

FOR SALE BY EXPRESSION OF INTEREST:
Closing Friday 19th February at 2pm

5 Martha Street, Seaford


Nichols Crowder is offering a rare parcel of industrial land for sale by Expressions of Interest closing on Friday 19th February at 2016 at 2pm.

The property, available...

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February 05, 2016

Bank Melbourne Quarterly Economic Outlook

The Australian Economic Outlook

The Australian economy is set to grow modestly in 2016 and reach 25 consecutive years without a recession.  Low interest rates and a lower AUD should help counteract weaker capital spending in the mining sector.    

Labour market indicators remain firm, business sentiment is mildly positive, demand for credit is edging higher and export volumes are set...

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December 14, 2015

SOLD AT AUCTION: 118 BALCOMBE ROAD, MENTONE

A single storey retail shop / office sold at auction on Wednesday the 9th of December at 12 noon for $1,168,000. From the beginning of the auction it was clear 2 competitive key parties were vying for the property, providing great entertainment for the crowd. The purchaser was a local retailer / investor who bought the property well over the reserve.

Situated amongst retailers in popular Balcombe Road, the...

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December 07, 2015

Sold Prior To Auction: 620 Frankston - Dandenong Road, Carrum Downs

A brand new purpose built funeral parlour in Carrum Downs (10 minutes from Dandenong and 5 minutes from Frankston) sold 2 days prior to auction for $3.5m.

The 375sqm building on 5,800sqm of land was partially leased to Bethel Funerals (World Investments Pty Ltd) had 40 car spaces on site and offered 3 street frontages.

Based on an annual rental of $140,000 p.a, 620 Frankston - Dandenong Road...

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December 07, 2015

SOLD AT AUCTION: 102 Bluff Road, Black Rock

One of the last remaining mixed use freehold properties sold at auction on Thursday the 3rd of December at 12 noon. Two key parties were vying over the property, with bids comfortably surpassing the reserve. The purchaser intends to build a residence above the shop and relocate their business there. 

Well positioned on the elevated side of Bluff ROad, overlooking the 'Golden Triangle' of Black Rock, the property itself comprised of a free...

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September 06, 2015

Bayside Real Estate Bloodlines

Two of bayside’s historically intertwined real estate families are now working together on the sale of the century.

For the first time in 109 years, 103 Church St in Brighton is going under the hammer. 

This modern, two-story office building opposite Woolworths is a once-in-a-century opportunity for investors with a total rental income of $143,292 p.a., a building area of...

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