November 01, 2017

STAND OUT BAY ROAD SALE

SOLD
257 Bay Road (Cnr Avoca St), Cheltenham

The Bayside Business District (BBD), and Bay Road in particular, is fast becoming an important retail and showroom precinct in the region.  Further evidence of this was seen with recent sale of and older style brick vacant warehouse at the corner of 257 Bay Road and Avoca Street, Cheltenham.  The 315sqm building on land of 680sqm was sold after auction for $2.35 million.  This equates to a record BBD sale...

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November 01, 2017

XXXL – Central Commercial Asset

FOR SALE BY TENDER
Closing Thursday, November 30, 2017 at 3:00pm

7-7E Station Street, Frankston

Nichols Crowder is pleased to offer to the market a prime retail investment in the heart of Frankston’s core retail precinct.  This substantial property comprises 7 strata titles, being 7 tenancies to be sold as a whole via tender closing on Thursday, November 30 at 3:00pm.

With a total ground floor tenancy area of approximately 1,570sqm, the property generates income from its retail tenancies and rooftop...

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November 01, 2017

PRIME FRONTAGE ON MILGATE

AUCTION
Saturday, 18 November at 11:30am, on site

Units 16, 17 & 18 / 31-33 Milgate Drive, Mornington

Three new warehouses with great street exposure at 16, 17 & 18 / 31-33 Milgate Drive, Mornington are being auctioned individually on Saturday, November 18 at 11:30am, on site.  Zoned Industrial 3, the warehouses can be used for a range of purposes (STCA).

Each warehouse has a floor area between 144sqm and 147sqm, with additional storage mezzanine approved.  In addition to glass facades...

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November 01, 2017

DOUBLE INVESTMENT DELIGHT

SOLD
Shops 13 & 15 / 90 Main Street, Mornington

A double retail shop at 13 & 15/90 Main Street, Mornington has been sold for $965,000 on a yield of 4.8%.  Located in a popular arcade, the two shops of 88sqm are on a single title and provide an opportunity to subdivide (STCA).  Both shops are leased to quality tenants, and are close to several national retailers, including Coles, Target, and Liquorland.

Sales Executive, Jamie Stuart,...

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October 10, 2017

The Ultimate “Six-Pack”

AUCTION
Wednesday, November 1 at 12noon, on site

189-193 Chesterville Road & 24-28 Independence Street, Moorabbin

 A rare opportunity to purchase six adjoining properties on a busy Moorabbin corner has presented itself to the market.  Comprising three adjoining showrooms at 189-193 Chesterville Road, and three separate warehouses at 24-28 Independence Street, this huge corner property with a total street frontage of 88 metres is to be auctioned on Wednesday, November 1 at 12 noon, on site.

All six properties are on...

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October 04, 2017

HIGH FIVE ON HAMPTON

AUCTION
Thursday, October 26, 2017 at 12 noon on site

390-392 Hampton Street, Hampton

Nichols Crowder is proud to offer to the market a rare, double-fronted retail property with first-floor apartments at 390-392 Hampton Street, Hampton.  Set for auction on October 26 at 12noon on site, the property provides substantial upside potential via the apartments and rooftop terrace.

Comprising 2 shops, 2 apartments, and a planning permit for an additional 2-bedroom penthouse on the rooftop, there are current income streams and future opportunities...

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September 15, 2017

WINNER - BEST RETAIL SALES CAMPAIGN

Nichols Crowder took home two awards from last night’s REIV Commercial & Industrial Marketing Awards 2017.

For its Auction of 452 Hampton St Hampton, Nichols Crowder was announced the WINNER of the Best Sales Campaign for a retail site with a marketing budget under $20,000.

According to Matt Nichols, “the retail site category is one of the hotly contested making our win all the more special. It was a great campaign, we took over 100 bids at Auction in front of big...

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September 14, 2017

FABULOUS COMMERCIAL INVESTMENT

FOR SALE
1C Frankston Gardens Drive, Carrum Downs

Nichols Crowder is proud to offer to the market a superb investment property at 1C Frankston Gardens Drive, Carrum Downs.

Comprising a building area of approximately 123sqm, the property has a reception area, several partitioned offices, a large open display area, staff amenities and on-site car parking.  It is leased to Kitome Pty Ltd for $24,204 per annum gross, with a new 3-year lease from July 2017.  Operating...

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August 31, 2017

Iconic Corner

152 - 158 Weatherall Road, Cheltenham

SOLD

An iconic corner property with considerable development potential at 152-158 Weatherall Road, Cheltenham has sold for $1.25 million.  Set on 850sqm, the property currently contains a workshop, and is leased for $37,500 per annum.  Set in a prominent Bayside location, it is close to shops, schools and a train station.

Senior Sales and Leasing Executive, Julian Vautin says there is considerable development opportunity for the property (STCA).  “It may be possible to subdivide...

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August 22, 2017

DOUBLE INVESTMENT DELIGHT

AUCTION
Friday 15th September at 12 noon, on site

13 & 15/ 90 Main Street, Mornington

Nichols Crowder is delighted to offer to the market a pair of well-located shops in an iconic arcade in the heart of Mornington’s busy retail strip.  Situated at 13 & 15/90 Main Street, Mornington, this double investment opportunity totalling 88sqm is to be auctioned on site on Friday the 15th of September at 12 noon. 

The two shops are currently leased to quality tenants for a combined...

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