April 19, 2017

SOLD AT AUCTION: 1392 Malvern Road, Glen Iris

SOLD AT AUCTION
1392 Malvern Road, Glen Iris
Thursday 6th April at 12noon on site

A classic two-storey shop and residence at 1392 Malvern Road, Glen Iris sold under the hammer for $1.49 million.  Around 30 people attended the auction, which came down to two main bidders that made a total of 25 bids for the property that had been held in the same family for 65 years.  The property was sold with vacant possession.

Senior Sales and Leasing Executive,...

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March 16, 2017

Exposure Galore!

AUCTION
1297A Nepean Hwy, Cheltenham
Wednesday 12th April at 12noon on site

A versatile retail showroom with development potential (STCA) at 1279A Nepean Highway, Cheltenham is coming up for auction.  With a ground floor showroom of 398sqm, plus a large mezzanine area, the property on 528sqm is being sold with vacant possession.  Although this makes it ideal for an owner occupier, an investor could put in...

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March 15, 2017

New alliance between Nichols Crowder and Kevin Wright Real Estate

PRESS RELEASE
March 2017

New alliance between Nichols Crowder and Kevin Wright Real Estate

Nichols Crowder, the leading commercial and industrial real estate agency on the Peninsula, has formed an alliance with Mornington-based agency, Kevin Wright Real Estate.  Starting March 1, 2017, Nichols Crowder took over Kevin Wright Real Estate’s property management business, with Kevin Wright Real Estate retaining its sales and leasing divisions.

Richard Wraith, Director of Nichols Crowder, says, “This alliance adds to...

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March 08, 2017

FIRST TIME OFFERED IN 65 YEARS

1392 Malvern Road, Glen Iris
AUCTION Thursday 6th April at 12 noon on site

 

FIRST TIME OFFERED IN 65 YEARS

A classic two-storey shop and residence at 1392 Malvern Road, Glen Iris is to be auctioned with vacant possession on site at midday on Thursday 6th April.  Situated in a tightly held shopping strip along a tram route, the property is close to Tooronga train station, the Monash Freeway, and Tooronga Shopping Centre.

Matt Nichols, Managing Director, says, “This is...

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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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