Solutions Newsletters

Property Solutions: Great Bayside Results

June 9, 2020

SOLUTIONSInsights, properties & results / Your solutions

Small Businesses Most Active

  • In the eight weeks of April and May, Nichols Crowder transacted 61 properties, with 26% of these transactions being sales, and 74% being leases. The main activity was coming from small business owners and operators.
  • 80% of the leasing activity was in the industrial sector and in properties less than 500sqm
  • The industry types providing the most activity were: Transport / logistics, Construction / home maintenance, Health & professional services, Digital e-commerce, Food-related preparation, distribution, packaging
  • Moving forward, we anticipate small businesses will remain active in the market, and medium-sized businesses will re-emerge post-lockdown to implement their changed business strategies.  In so doing many will relocate.
Sold
$888,000
308A Bay Road, Cheltenham
Office/Warehouse: 296sqm*
Purchased by owner occupier
Sold
$550,000
Suite 12, 2-8 St Andrew Street, Brighton
First floor office: 51sqm*
Purchased by local investor
Sold
$650,000
6/91-95 Tulip St, Cheltenham
Office Warehouse: 200sqm*
Purchased by owner occupier
Leased
$21,000 + outgoings & GST
17/200 Boundary Road, Braeside
Building area: 307sqm*
Leased to a cabinet maker
Leased
$75,000 p.a. + outgoings
16 Powlett Street, Moorabbin
Warehouse: 1,114sqm*
Leased to a transportation refrigeration service
Leased
$160,000 p.a. + outgoings & GST
9-11 Kilpa Road, Moorabbin
Warehouse: 1,555sqm*
Welcoming a waste management company
Leased
$27,000 p.a. + outgoings & GST
330D South Road, Hampton East
Profile office: 126sqm*
Leased for child health practice
Leased
$30,000 p.a. + outgoings & GST
1 & 2 / 6 Shearson Crescent, Mentone
Total warehouse area: 259sqm*
Welcoming a landscape/concreting business
We have buyers & tenants. Contact us for a property solution.
9559 3888
All information and sizes are approximates. Particulars herein are for information only and do not constitute any representation by the owner or agent. Interested parties should make their own enquiries. If you do not wish to receive further information please contact our privacy offi cer. If your property is exclusively listed witn another agent, please disregard this notice.

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Dandenong to Carrum Downs and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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