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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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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