February 27, 2017

HEALTHY INVESTMENT WITH UPSIDE

241- 245 Bay Road, Cheltenham
FOR SALE BY EXPRESSIONS OF INTEREST Thursday 16th March at 3pm

Fitness First Bayside, located at 241-245 Bay Road, Cheltenham is being sold via an Expression of Interest campaign closing at 5pm on Thursday, 16th March, 2017.  The property is being sold through local agent Nichols Crowder, in conjunction with CBRE.

Matt Nichols, Managing Director of Nichols Crowder, says, “With the current lease (no option) not due to finish until January 31st, 2025, this represents...

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February 24, 2017

Stopping All Stations Chelsea!

AUCTION
423 Nepean Hwy, Chelsea
Friday 24th March at 12noon on site

A classic shop and dwelling at 423 Nepean Highway, Chelsea is to be sold at auction on Friday March 17, 2017.  With a total building area of around 283sqm on land of 340sqm (approx.), the property has three frontages including a side laneway.  It is ideal for an owner occupier to operate a business, an investor to lease out, or a...

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February 23, 2017

SOLD AT AUCTION: 6 & 8 Commercial Road, Highett

Commercial Flexibility

SOLD AT AUCTION
6 & 8 Commercial Road, Highett
Wednesday 22nd February at 12noon on site

Wednesday the 22nd of February presented to be a beautiful day which ended with a very happy vendor. 6 & 8 Commercial Road, Highett sold as one entity under the hammer for $1,320,000 in front of a crowd of approximately 30 people, with two key bidders vying for the property.

Senior Sales and leasing Executive, James Glen,...

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February 08, 2017

HALF YEARLY MARKET REPORT JUL - DEC 2016

RE: HALF YEARLY MARKET REPORT JULY – DEC 2016

Nichols Crowder and Nixon Industrial have released their half yearly Market Report for the six-month period from July through December 2016.  The report provides clear analysis and highlights trends regarding the commercial and industrial property markets across the Bayside to Peninsula region.

The Market Report shows strong growth in sales to investors and of off-the-plan warehouses.  Investors and SMSFs are feeling more comfortable buying off-the-plan properties and then finding a tenant, indicating...

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December 16, 2016

Marvellous Mentone

93 Balcombe Road, Mentone

SOLD AT AUCTION
Thursday 15th December at 12noon on site

A crowd of around 70 people witnessed our final auction of the year at 93 Balcombe Road, Mentone.  Spirited bidding between four bidders pushed the final price up to $1.405 million, well above expectations as demand for quality properties remains strong.  Located in the Mentone Activity Centre (ACZ2), the 186sqm of land with a building of 110sqm provides the flexibility as a shop for an owner...

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November 30, 2016

Retail investments in demand

SOLD - 1289 Nepean Hwy, Cheltenham

A single storey retail / showroom property at 1289 Nepean Highway was sold by James Glen and Julian Vautin of Nichols Crowder before auction for $1.1 million. Located within the Cheltenham Activity Centre, the 221sqm building on a property of 555sqm provides an opportunity for further development (STCA). Vautin says, “Retail properties on Nepean Highway are tightly held, with demand particularly strong for larger buildings with development potential.”

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November 30, 2016

Strong Apppetite for Retail Investments

Beaumaris
332 Balcombe Road

SOLD PRIOR TO AUCTION

Retail investments in the Bayside region are proving increasingly popular. A prime single level retail building at 332 Balcombe Road sold prior to auction for $960,000. With a quality long-term tenant, the building of 135sqm is set on a property of 222sqm. James Glen of Nichols Crowder handled the campaign, saying. “We’re seeing a lot of demand for retail investments with solid tenants. A shortage of these properties is keeping prices...

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November 17, 2016

Traralgon Treasure

FOR SALE BY EXPRESSION OF INTEREST
33 – 37 Post Office Place, Traralgon
Closing Thursday 1st December at 3pm

A prime retail property in Traralgon is being offered by Nichols Crowder via an Expression of Interest campaign.  To be sold with vacant possession, the 1,236.5m2 (approximately) building at 33-37 Post Office Place would suit a variety of retail, showroom and commercial uses. 

Julian Vautin, Sales and Leasing Executive at Nichols Crowder, explains, “Due to its flexible, open plan design, this...

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November 17, 2016

Nepean Highway Opportunity

AUCTION
1289 Nepean Hwy, Cheltenham
Thursday 8th December at 12noon on site

The upcoming auction of 1289 Nepean Highway, Cheltenham, will appeal to investors, owner occupiers and developers.  Set on 555m2, the single-level building is currently being leased out on a short-term basis, providing a solid return for investors.  The property is located in the Cheltenham Major Activity Centre, which outlines plans for future growth and development in the local area, and provides opportunities for developers and owner occupiers.

Recent...

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November 15, 2016

Greater Flexibility Can Lead to a Higher Price

Every large development site is different in size, potential and location.  While this can create some pricing uncertainty, it can also result in innovative ways to develop these sites.  The best solution can sometimes be difficult to determine, with this being a balance between optimal block size, potential uses, access and street requirements, and other related property and economic factors.

An excellent example of the process sometimes required to meet the goals of buyers and vendors of...

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