February 08, 2018

THE SANDY DUO

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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February 08, 2018

OUR NEW MORNINGTON FRONT LINE

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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December 18, 2017

XXXL Central Commercial Asset

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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December 07, 2017

Ultimate Land & Warehouse Package

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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November 24, 2017

QUICK PEDDALLING SALE

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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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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