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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November 15, 2016

Usage changes across Moorabbin and Cheltenham Industrial Estates, 2006-07 to 2015-16

This is the second of four articles about industrial parks in Moorabbin and Cheltenham, which will focus on current usage types and changes in usage over the past 10 years, from 2006-07 to 2015-16.  The previous article (July 2016) provided some background information about industrial parks in these areas, and outlined the main changes in the development of industrial parks seen in the past decade.  Future articles will analyse changes in industrial park layout and construction over this...

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November 10, 2016

MERGER REUNITES FAMILY REAL ESTATE BUSINESS

Nichols Crowder, the largest commercial and industrial real estate company in the Frankston and Peninsula region, has just expanded.  The company recently acquired the commercial and industrial property management portfolio of Century 21 Wentworth Real Estate, Frankston.  The acquisition reunites the current Nichols Crowder company with the original John Crowder & Sons (P/L) business established over 60 years ago and sold to Wentworth Real Estate a decade ago. 

“This acquisition heralds an exciting period for Nichols Crowder”, says Michael Crowder, Director. ...

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November 09, 2016

Premium Medical Investment

A rare opportunity has become available to purchase a fully-renovated medical property on the corner of busy Cranbourne-Frankston Road and Paterson Avenue in Langwarrin.  Located just a short drive from Frankston and in a large patient catchment area, these premises would make a great addition to any property investment portfolio.

James Dodge, Sales & Leasing Executive, explains, “Medical centres make great long-term investments.  This is because medical practitioners often renew leases multiple times as they look to...

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