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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August 18, 2017

OPTIONS GALORE

SOLD

35 Advantage Road, Highett

The Bayside Business District (BBD) continues to thrive, with 35 Advantage Road, Highett selling at auction for $1.625 million.  After 25 bids, the factory and office of 772sqm on 830sqm of land was eventually sold under the hammer to an owner occupier.  Requiring a major transformation, the property attracted keen interest from developers, investors and owner occupiers alike.

Sales and Leasing Executives, Nikola Drendel and James Glen highlighted the uniqueness of the property and...

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August 18, 2017

LUCKY 88

SOLD

745 Centre Road, Bentleigh East

The retail shop at 745 Centre Road, Bentleigh East being leased to well-established and popular Chinese restaurant, King 88 has sold at auction for $1.03 million on a yield of 3.24%.  The building of 110sqm on land of 186sqm was located in the heart of a tightly-held shopping strip.  The auction attracted a crowd of 60 onlookers, with three bidders making over 50 bids before the property was sold under the hammer.

James...

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August 16, 2017

Nichols Crowder’s New Front Line

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, with an expanded team...

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August 02, 2017

Prime Chelsea Heights land

SOLD

A prime vacant land site of around 3.53 hectares at 107 Wells Road, Chelsea Heights has been sold by private treaty for $8.71 million.  Zoned Industrial 3, the large site has approved permits and plans for 55 warehouses and four showrooms.  It backs onto the Frankston Freeway, providing great exposure for the future development.

The deal was negotiated by James Dodge and Joshua Monks of Nichols Crowder Carrum Downs, in conjunction with David Garfield of Nixon Industrial. ...

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July 24, 2017

ICONIC CORNER

EXPRESSION OF INTEREST
Deadline Private Sale closing Thursday 17th August at 3pm

152-158 Weatherall Road, Cheltenham

Nichols Crowder is proud to offer 152-158 Weatherall Road, Cheltenham to the market via an Expression of Interest campaign with a Deadline Private Sale closing Thursday 17th August at 3pm.  This prime site of 850sqm on the corner of Parkside Street contains a workshop of 143sqm and is currently leased at $37,500 per annum net until March 2018, plus options.

The property’s prominent Bayside location and close...

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July 17, 2017

Bayside Business District

10 Years On

Most Bayside locals would be familiar with the major residential and commercial changes along eastern and central section of Bay Road, Sandringham over the past decade.  With ALDI and iSelect moving into the area during this period, and with the building of several multi-level residential apartment blocks east of Bluff Road, more people are now living, working and shopping in the precinct called the Bayside Business District (BBD). 

Also known as the Bayside Business Employment Area, the BBD started...

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June 09, 2017

Record Frankston Return

SOLD $1.29 million

The auction of a prime retail property at 98 Young Street, Frankston has produced a return of 3.4%, likely to be a record for the area.  In front of many attendees, three bidders made a total of 28 bids to take the price to $1.29 million.  This was $340,000 above the reserve, with the buyer being an investor.

The partly refurbished building of 183sqm on land of 340sqm has a 9 metre wide frontage and a...

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