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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October 13, 2016

Market Report 2015/16 - OUT NOW

Nichols Crowder and Nixon Industrial, Melbourne’s leading commercial and industrial agency group from Bayside to the Peninsula, has just released its 2015-16 Annual Market Report.  The report provides comprehensive data and analysis of the key trends driving these markets, as well as details of each sales transaction completed in the year.

Matt Nichols, Managing Director, says, “Despite mixed economic signals during the financial year, sales and leasing demand for commercial and industrial property remained strong.  This is backed up with the...

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October 10, 2016

Sold: 143 - 145 Gardenvale Road, Gardenvale

Trophy Investment

Potential purchasers braved the cold weather to attend the sale of a rare trophy investment at 143 – 145 Gardenvale Road, Gardenvale. This high profile corner property sold after auction on Wednesday the 5th of October at 12noon on site, to the delight of the vendors.  

According to Nichols Crowder selling agent, James Glen, ‘We had interest from several local investors who saw the value in a high profile asset, located in the most affluent area of Nepean Highway.’

Positioned...

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September 21, 2016

FINALIST - REIV Best Retail Sales Marketing Campaign

At the recent REIV Commercial and Industrial Marketing Awards we were delighted to be announced as a Finalist for our stunning sale campaign for 103 Church Street, Brighton.

In one of the most popular categories, namely Retail Sales (budget under $20K), we performed well with this latest marketing effectiveness award being our 28th REIV award received over the last 10 years.

The marketing awards are determined by the strategy and effectiveness of the marketing campaign.

According to our Vendor, “…. your marketing rationale...

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September 20, 2016

Trophy Investment

AUCTION
143 – 145 Gardenvale Rd, Gardenvale ( Cnr Nepean Hwy)
Wednesday 5 October at 12noon on site

Nichols Crowder is offering a prime investment, 143 – 145 Gardenvale Road, Gardenvale, for sale via Public Auction on Wednesday 5 October at 12noon on site.

According to Nichols Crowder selling agent, James Glen, ‘Properties of this nature are truly unique; multiple tenancies, corner of Nepean Highway, surrounded by national tenants, solid income and a refurbished building.’

On offer is...

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September 16, 2016

QUARTERLY MARKET REPORT April – June 2016

Welcome to our quarterly report.  This report provides analysis of all sales, leases and lease renewals by Nichols Crowder and Nixon Industrial, from April to June 2016. (Q4 2015-2016)

In summary the key insights were:

BIG ACTIVITY IN SMALL SPACES

  • 92% of all sales and leasing transactions in Q4 were for properties under 1,000m2
  • The market was cautious in Q4, with 60% of all transactions being for new leases
  • Limited selling stock and the long wind-up to the federal election contributed to the cautious market

SALES...

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September 15, 2016

BRAND NEW 5 YEAR LEASE

AUCTION
Thursday 13th October 2016 at 12 noon on site

116 Patterson Road, Bentleigh 
SOUND MEDICAL INVESTMENT

Situated within Bentleigh’s newest growth area, 116 Patterson Road offers solid returns to the investor via its new tenant, SunDoctors Skin Cancer Clinic.  With a brand new five-year lease at $45,000 net per annum plus outgoings, and two further five-year options, this ground floor property provides a triple AAA tenant and long-term investment.

James Glen, Senior Sales and Leasing Executive, continues, “This relatively...

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August 10, 2016

New industrial park opportunity

A major new industrial park being built at 329 Bay Road, Cheltenham will provide long term business and investment opportunities for owner occupiers and investors alike.  Available now for purchase are individual industrial units across a range of formats.  With its cutting-edge design that includes a childcare centre and retail showroom, this estate is likely to set the benchmark for future industrial parks in the Bayside area and across Melbourne.

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

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