N I C H O L S C R O W D E R P R O P E R T Y S O L U T I O N S Property Solutions Commercial & Industrial MAY 2013 PROPERTY SOLUTIONS GUIDE 431 Nepean Hwy, Frankston • SOLD • Office Investment • 3,768m 2 6-8 Arnold St, Cheltenham • SOLD • Development Site • 2,100m 2 94 Brunel Rd, Seaford • SOLD • Industrial Land • 2,155m 2 1/56 Aster Ave, Carrum Downs • LEASED • Office/Warehouse • 445m 2 1/385 McClelland Dve, Frankston • LEASED • Office/Warehouse • 380m 2 68 Playne St, Frankston • LEASED • Retail • 380m 2 5/91-95 Tulip At, Cheltenham • SOLD • Warehouse/Apartment • $550k 5 Church St, Brighton • SOLD • Retail Investment • $2.9M 1244 Nepean Hwy, Cheltenham • LEASED to Forty Winks • Showroom • 1,100m 2 330 Nepean Hwy, Frankston • SOLD • Office • 114m 2 G09/ 999 Nepean Hwy, Moorabbin • SOLD • Office • 161m 2 24 Mary Ave, Highett • LEASED • Warehouse • 504m 2 8 Yazaki Way, Carrum Downs • LEASED • Office/Warehouse • 1,450m 2 54 Aster Avenue, Carrum Downs • LEASED • Office/Warehouse • 1,112m 2 112 Wellington St, East Melbourne • SOLD • Office • 40m 2 Units 1 & 2 / 18-20 George St, Sandringham • LEASED • Warehouses • 408m 2 HAMMER TIME
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NICHOL S CROW DERP R O P E R T Y S O L U T I O N S
112 Wellington St, East Melbourne • SOLD • Office • 40m2
Units 1 & 2 / 18-20 George St, Sandringham • LEASED • Warehouses • 408m2
HAMMER TIME
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A Balanced MarketStrong interest from investors continues to generate a great deal of activity in the commercial and industrial property market.
Many of these buyers are moving their funds from interest bearing accounts into investment properties, offering a solid yield with quality leases in place. The considerable tax advantages further add to the attraction of investing in commercial and industrial property.
As the year approaches the half-way mark our investment sales are up 10 fold having transacted over $20 million of sales in recent months. We expect this trend to continue given the low interest rate environment.
Another key driver in the market is the return of Developers catering to owner occupiers.
In recent months we have been appointed on over 60 new warehouses/office warehouses located in areas stretching from Oakleigh all the way through to Mornington. Much of this construction is now underway.
According to the Australian Bureau of Statistics, there are 1.55 million small businesses in Australia, 86% of which have less than five employees.
We find when small business owners are looking to purchase or lease a business premises, they look for; Affordability, Adaptability, Networking opportunities and Proximity to their home.
Small business owners work extremely long hours and give their all. Achieving a work/ life balance is key and investing in their own business premises is the ideal investment for their Self-Managed Super Fund. It is insights such as these we share with our Developer clients to ensure the properties we offer to the market suit the specific needs of owner occupiers.
It´s an exciting time in the commercial and industrial markets with plenty of opportunities for both purchasers and vendors. If you would like a further market update, please do not hesitate to call. In the meantime, we hope you find our latest Property Solutions Guide of interest.
OPPORTUNITIES FOR BOTH BUYERS AND SELLERS!
Matt NicholsManaging DirectorMoorabbin
Michael CrowderDirectorCarrum Downs
Richard WraithDirectorCarrum Downs
INDUSTRY RECOGNITION
We are a Commercial Agency of the Year Finalist 2012We are extremely proud of our consistent performance over many years.
Offering huge Nepean Highway presence, this versatile showroom will suit a variety of users. The building receives huge exposure from Nepean Hwy passing traffic.
With service lane access providing ample car parking, this is an ideal showroom location, opposite Southland Shopping Centre.
GREAT TENANT & INVESTMENT1490 Ferntree Gully Road, Knoxfield
FOR SALE• Premium multinational tenant - Timberlink Australia
• High quality 11,299m2 distribution facility on 17,776m2 approx
• Annual 3.5% increases - 6 month bank guarantee
• 10 years 2 month lease (July 2009) with 2 x 5 year options
• Current rent $946,705p.a. (1 July 2013)
1490 Ferntree Gully Road is located within an established industrial precinct 30kms east of Melbourne CBD. This quality office/warehouse (originally constructed for Unilever) is home to Timberlink Australia, a division of New Forests which controls over $2BN of assets globally.
• Situated a convinient 5 minutes from Frankston, Mount Eliza, Mornington and Somerville
• Suit Food, Leisure, Entertainment, Hotel and Tourism related businesses
• We are seeking complimentary experienced operators
Gateway corner site situated on Eramosa Road and Moorooduc Highway. 200 metre road frontage. Moments to Peninsula Link. Totally refurbished by “Everclear Constructions”. Originally the Moorooduc packing sheds this property retains it’s original character. Call soon - Spaces filling up fast.
ACCELERATE YOUR PORTFOLIO992 Nepean Highway, Mornington
FOR SALE BY EXPRESSIONS OF INTERESTClosing Thursday 6th June at 4pm
• Rental $248,134 per annum (net) from the 01/07/13
• Long term lease to Hyundai franchisee i.e. 7x10 years
• Room for future development
• Personal guarantees with long trading history
• High initial rental yield with annual increases
Recently renovated Car Dealership. Situated right in the heart of this tightly controlled automotive strip. 10 year lease from 01/07/10 with options and annual CPI reviews, tenants pay all outgoings. Great location. Rarely available to the market. Excellent Self-Managed Superannuation opportunity.
• A rare opportunity exists to lease a showroom with huge potential in the ‘Golden Mile” on Nepean Hwy.
This showroom is located between South Road and Patterson Road on the outbound side.
It is surrounded by high profile businesses like Mazda, Beacon Lighting, Forty Winks, Audi and Porsche. The property is accessed via a service lane which allows ample street car parking.
• Massive 652 metre approx frontage to EastLink Freeway
Prime semi main road parcel. Approved plan comprises 17 lots ranging in size from 1,810m2 - 1.69 hectares approx. Sub divide or occupy, the choice is yours. MUST BE SOLD!
ACCESS IS THE KEY!30 - 32 Tova Drive, Carrum Downs
FOR SALE OR LEASE• Building Area: 1,190m2 incl. 106m2 ground
floor office (approx)
• Great access with 2 street frontages
• Large block of land 2,002m2 (approx)
• Represents excellent value from both Sale and Lease opportunity
A traditional tilt slab Office/Warehouse in very good condition. The warehouse is of high clearance and the offices are air-conditioned, carpeted and heated.
INVEST NOW, DEVELOP LATER501 Mount Derrimut Road, Derrimut
FOR SALE• Brand new 3 x 3 x 3 year lease
• Large 11,200m2 (approx) site with permit
• Fixed annual 3.5% increases - 6 month guarantee
• Ideal location with exposure to busy Mount Derrimut Road
• Commencement rent $144,000p.a.
Derrimut is a prime, tightly held industrial hub located 20kms west of Melbourne CBD. The property enjoys valuable exposure to Mount Derrimut Road and has quick access to the Western and Princess Highways.
This is a tremendous opportunity to enjoy reliable investment income whilst planning your development of the site.
PREMIUM LAND IN FRANKSTON212 - 214 Cranbourne Road, Frankston
FOR SALE• Land area: 1,115m2 approx.
• Zoned: Residential 1
• Prime corner site
• Two (2) street frontages
• Suit Residential or Commercial applications (STCA)
It’s not often a strategic Residential development site becomes available that has existing income (2 homes currently leased), whilst you can apply to council to redevelop (STCA). Owner motivated. Genuine offers considered.
NEW MOORABBIN WAREHOUSES188 Chesterville Road, Moorabbin
FOR SALE
• Moorabbin’s newest business park
• New warehouses from 200m2 - 300m2 approx
• Features excellent internal clearance and container height Roller Shutter Door
• Two office/warehouse/showrooms fronting Chesterville
This new business park will provide your business the exposure it deserves. With exceptional stamp duty savings available, this is an opportunity not to be missed.
OFFICE358 South RoadMoorabbin, VIC 3189Ph: 9559 3888
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INVESTMENT WITH THREE INCOME STREAMSOffice 4, 334 - 336 Highbury Road, Mount Waverley
FOR SALE• Office 142m2 approx across two levels
(potential to separate STCA)
• Established tenant Redback Health Services - Three (3) year lease + option to 2018
• Leases to Telstra and Vodafone to 2032
• Annual rental income $44,551.04 p.a. approx
• Fully partitioned over two levels with kitchenette
Great modern office set across two levels with excellent natural light, air-conditioning and 2 separate kitchenettes. Both levels have storage and a large open plan entrance on the ground floor. Superb location on corner of Stephensons Road and Highbury Road, Mount Waverley.
THE PERFECT SPACE FOR YOUR BUSINESS6 Railway Avenue, Oakleigh
FOR SALE• New warehouses from 73m2 - 114m2 approx
• Ideal for small business and storage needs
• 7m high clearance warehouse
• Fantastic stamp duty savings
• Includes kitchenette and amenities
Pictured are the warehouses from Stage 1 which are 100% sold. We are now pleased to announce the release of Stage 2. With construction commencing shortly, ensure you get in early to secure your brand new SPACE warehouse.
OFFICE358 South RoadMoorabbin, VIC 3189Ph: 9559 3888
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SOMETHING SPECIALOffices 1 & 2, 218 Bay Road, Sandringham
FOR SALE• Brand new corporate office of premium quality
• Versatile floor plan to suit many businesses
• Positioned on the ground and first floors
• Areas from: 197.5m2 and 233m2, or 430m2 combined
• On title undercover car parking
• Air-conditioning and heating, onsite signage
With construction commencing soon, your new office is in a first class location within walking distance of Sandringham shops. Purchase now off the plan for stamp duty and depreciation benefits.
Why buy Residential property when commercial is so much better. Affordable purchase price, no Residential tenancies act and a quality tenant. Contact us to inspect this great investment opportunity.
• Three car parks and storage unit on title (Unit 35)
• Superb views over Bayside
Located on Bay Road in the now iconic 296 building, this position offers easy access to Beach Road and Nepean Highway - perfect if you live in Bayside or the south-eastern suburbs.
OFFICE358 South RoadMoorabbin, VIC 3189Ph: 9559 3888
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CHARMING SHOPS278 - 286 Charman Road, Cheltenham
• Two brand new shops with parking
• Shop 1: 113m2 (building permit for a cafe)
• Shop 2: 129m2 approx
• Feature glass windows
• Amazing exposure to Charman Road
With 4 levels of residential apartments above, this popular location benefits from high traffic flow. The train station is opposite along with great shops and cafes.
GOOD THINGS HAPPEN IN “THREE’S”Hampton Street, Hampton
• Three shops
• Three brand name tenants
• Three long leases
• Combined net income of $118,665p.a. approx
• Future development potential
Enjoy great income from established tenants knowing there is future development potential of the site in the longer term (STCA). The views would be stunning.
OFFICE358 South RoadMoorabbin, VIC 3189Ph: 9559 3888
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NEW BENCHMARK FOR BUSINESS61 Watt Road, Mornington
• Showroom/Warehouses from 366m2 - 610m2 (approx)
• New quality, efficient space and opportunity
• There is simply nothing like it on the market
• Stage 1 will be completed soon. Register now.
Developed by Elite Property Group and Bayport Group, both well known for providing quality developments. Peninsula Business Park will eventually house 53 local businesses providing increased traffic and networking possibilites. Close to Main Street and the Peninsula Link. Mornington hasn’t seen a development this good before now. Get in fast!
INVEST IN BEAUREPAIRES NHILL108 Nelson Street, Nhill
• Freehold only. Anticipated 10% return
• Warehouse on prime corner
• Beaurepaires: Australia’s leading tyre retailer with 300 stores nationwide
• Tenant been on site 47 years!
• Building area 529m2 approx
The property is positioned on the north/western side of the intersection of Nelson and Young Streets.
It is directly opposite the CFA headquarters, metres from he Post Office (1888) and the main shopping precinct (which boasts three bank and a new IGA supermarket).
• Reception, offices, boardroom and staff amenities
• Double lock up garage plus ample parking
Why pay rent? Being sold with vacant possession, you can occupy or lease out this stand alone property. No Owners Corporation here - you are in control!
Nichols Crowder specialises in commercial property management
For a review of your property investments contact:Richard Wraith (Carrum Downs) 9775 1535
or Matt Nichols (Moorabbin) 9559 3888
For latest results and information visitnicholscrowder.com.au
nicholscrowder.com.au
Propertymanage
All information (including sizes) is approximate and cannot be relied upon. Particulars are for information only and do not constitute an offer by the owner or agent. Interested parties should make their own enquiries and / or seek appropriate advice.