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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May 11, 2017

Invest / Occupy / Develop – You Choose

FOR SALE BY EXPRESSIONS OF INTEREST
Closing Wednesday 31st of May at 5:00pm

323 Nepean Highway, Frankston

An office building at 323 Nepean Highway is being offered to the market via an Expression of Interest campaign closing on Wednesday, 31st of May at 5:00pm.  The 220sqm building on a corner block of 720sqm is being sold with vacant possession, offering flexibility and options to owner occupiers, investors and developers alike.

The building comprises several partitioned, air-conditioned offices, with an...

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May 07, 2017

Fantastic Four Investment

AUCTION

119 Gardenvale Road, Gardenvale
Thursday, 25th of May at 2:00pm, on site

Commercial property specialists, Nichols Crowder, is proud to take 119 Gardenvale Road, Gardenvale to the market.  To be auctioned on Thursday, 25th of May at 2:00pm on site, the property comprising four offices is currently leased to four separate tenants at $57,060 a year gross (as at 3rd of June, 2017), with annual rental increases.

The total building area is approximately 111sqm, on land of around...

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May 07, 2017

Trophy IGA Supermarket Investment

FOR SALE BY EXPRESSIONS OF INTEREST
closing Wednesday 24th May at 5:00pm

4 Eramosa Road East, Somerville

Specialist commercial property firm, Nichols Crowder, is proud to offer 4 Eramosa Road East, Somerville to the market via an Expression of Interest campaign.  The property is leased to Ritchies IGA, Australia’s largest independent supermarket chain with 74 stores in Victoria, New South Wales and Queensland. Ritchies IGA has leased the building since 1976, with the current 15-year lease expiring...

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