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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May 07, 2017

Bank On This

AUCTION
Friday 26th May at 1pm onsite

452 Hampton Street, Hampton

Two shops at 452A and 452B Hampton Street, Hampton are to be auctioned by commercial property specialists, Nichols Crowder on site on Friday, 26th of May at 1:00pm.  Diagonally opposite a busy Woolworths supermarket, and set amongst a tightly-held and popular shopping strip, this property provides flexibility and opportunity to owner occupiers, investors and developers alike.

The total building size is 180sqm, on land of 451sqm, with parking for 8...

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May 07, 2017

INVEST NOW, OCCUPY LATER

EXECUTOR’S AUCTION
Wednesday 17th May at 1pm on site

9 Chapel Street, Windsor

With the upcoming auction of 9 Chapel Street, Windsor, an amazing opportunity has become available for the property’s new owners. 

This iconic two-storey building in a premium location at the corner of Chapel Street and Dandenong Road generates income from various revenue streams, including the shop and dwelling, and signage.  This makes it suitable for investors wanting a revenue stream or owner occupiers looking to establish...

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May 07, 2017

OPTIONS AND OPPORTUNITIES

AUCTION
Friday 26th May at 2pm on site

51 Mornington –Tyabb Road, Mornington

With the East Mornington Veterinary Hospital moving to larger premises, along Mornington-Tyabb Road, their current premises will be sold. This opens up a fantastic opportunity for a new owner to lease it out again at an attractive yield, occupy it themselves, or develop and rebuild (STCA).

There is a land size of approximately 900sqm, a building of around 230sqm, on-site customer parking for eight cars and extra...

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