February 08, 2019

Frontage Forever – Industrial 1 Zoning

FOR SALE BY EXPRESSIONS OF INTEREST
Closing Wednesday Friday 13th February at 3pm.

140 Colemans Road, Dandenong South

As one of the only large Industrial 1 zoned sites in Melbourne’s South East region, Nichols Crowder is pleased to offer 140 Colemans Road, Dandenong South to the market for the first time in almost 30 years.  The property is to be sold via an Expression of Interest campaign closing on Wednesday, February 13 at 3:00pm.

At 7,056sqm, and with a frontage...

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February 06, 2019

TASTY INVESTMENT WITH UPSIDE

AUCTION
Thursday, February 28 at 12:00noon, on site

384 Nepean Highway, Chelsea

Nichols Crowder is excited to offer to the market a fantastic food investment with potential development upside (STCA).  Located at 384 Nepean Highway, Chelsea, the property is to be auctioned on site on Thursday 28 February at 12:00noon.

Set on land of approximately 225sqm, the building of around 75sqm is currently leased to an Indian restaurant operator for $35,510 per annum, plus GST.  The current lease has fixed annual...

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February 06, 2019

BIG PROFILE, BIG LAND

FOR SALE BY EXPRESSIONS OF INTEREST
Closing Wednesday, March 6 at 3:00pm

252-258 Lower Dandenong Road, Mordialloc

A rare opportunity has become available to purchase a prime Mordialloc site opposite Goodman Business Park, and near Costco and DFO.  Located at 252-258 Lower Dandenong Road, the property is being offered via an Expression of Interest campaign closing on Wednesday, March 6 at 3:00pm.

At approximately 8,301sqm, and including a warehouse of around 1,162sqm, the Industrial 1 zoned property has a 60 metre...

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February 01, 2019

ICONIC BRIGHTON SUPERMARKET

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

10 - 12 Cochrane Street, Brighton

Nichols Crowder is proud to offer to the market the premium and longstanding Dockendorff’s IGA supermarket investment at 10 - 12 Cochrane Street, Brighton.  To be auctioned on site on Wednesday, March 6 at 12:00noon, this iconic property is just one door from the popular and fast-growing Bay Street.

Set on land of approximately 1,700sqm, the building area comprises around 800sqm.  With annual rent of more...

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January 24, 2019

Profile Corner Site with Planning Approval

FOR SALE By Expression of Interest
Closing Thursday 21st February at 3pm

203 Nepean Hwy, Mentone

A rare vacant land opportunity has become available in the ever-popular Bayside suburb of Mentone.  Situated on a prominent corner at 203 Nepean Highway, the 785sqm (approximately) site with a 73 metre frontage is being offered via an Expression of Interest campaign closing on Thursday, February 21 at 3:00pm.

“This is a great property in a growing area,” says Julian Vautin, Sales and...

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January 20, 2019

STRONG APPETITE FOR THE MORNINGTON PENINSULA

SOLD

48 High Street Hastings, 210 Main Street Mornington & 49 Mt Eliza Way Mt Eliza

Despite some uncertainty in residential markets over the final quarter of 2018, commercial and retail property along the Mornington Peninsula is proving to be popular with investors and owner occupiers alike.

Retail property in our key markets has been particularly resilient, with some excellent recent results:

  • 48 High Street, Hastings – leased to a butcher, this 109sqm shop on...

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January 19, 2019

SOUTH EAST LAND IN DEMAND

SOLD

With vacant industrial land in Dandenong and on the Mornington Peninsula becoming harder to find, demand from developers remains strong.  This has resulted in solid prices per square metre for sites in prime locations.

Some very good sales results in the last couple of months include:

  • 100-104 Colemans Road, Dandenong –16,185sqm of vacant land on two titles, sold via an EOI campaign for $5.95 million, at approximately $367psm
  • 151 Colemans Road, Dandenong – on the corner of Taylors Road, this vacant...

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December 20, 2018

The Last Slice of the Pie

SOLD
100 & 104 Colemans Road, Dandenong South

With vacant land becoming rarer in Dandenong South and the rest of Melbourne’s south east region, prices have remained high for serviced development sites.  This has been shown with the recent sale via an EOI campaign of 100 and 104 Colemans Road, Dandenong South.

At approximately 16,185sqm, the Industrial 1 zoned property was sold for $5.95 million to a local developer.  This represents a sale price of around $367psm.  The site benefited...

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November 29, 2018

QUALITY INDUSTRIAL FACILITY

SOLD
3B/97-107 Canterbury Road, Kilsyth

The Victorian economy has grown at a faster rate than the Australian economy over the past few years.  From 2015-16 through 2017-18, Victoria’s state gross product increased at an average of 3.7% each year, much greater than Australia’s GDP growth of 2.6% per annum over the same years.

Some of this strong growth has been due to the continued investment in Victoria’s infrastructure and transport projects.  This investment has flowed through into other parts of...

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November 28, 2018

STRENGTH IN LAND SALES

SOLD
151 Colemans Road, Dandenong South

Demand for quality serviced industrial land in Melbourne’s south east remains strong, as shown with the recent sale of 151 Colemans Road.  On the corner of Taylors Road, and zoned Industrial 1, the 8,883sqm site sold for $400psm at more than $3.55 million.  Renato Daniele, Rory De Polo and Vincent Daniele of Nichols Crowder marketed and sold the property via an expression of interest campaign.

For further details contact: Renato Daniele 0414...

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