Solutions Newsletters

Property Solutions: Great Results – Carrum Downs & Mornington Peninsula areas

June 17, 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
$835,000
13 Speedwell Street, Somerville
Land area: 2,117sqm* Sold to an Owner Occupier
Sold
$345,000
30 Optic Way, Carrum Downs
Sold off market to an owner occupier
Sold
$890,000
8A Frankston Gardens Drive, Carrum Downs
Sold within 7 days
Purchased by owner occupier
Sold
$980,000
27-31 New Street, Frankston
Land: 1,355sqm*, 5 Warehouses: 820sqm*
Sold to an investor. Huge future growth
Sold
1052 Nepean Highway, Mornington
Sold to an Investor
Land: 620sqm, Building: 140sqm
Leased
$310,000 PA + GST & O/G’S
1 Balmoral Street, Frankston
Leased to Courts Victoria
10 year lease
Leased
$100,000 PA + GST & O/G’S
91 Main Street, Mornington
Leased to Mercy Health
5 x 5 year lease
Leased
3, 4 & 5/45 Main Street, Mornington
Leased to Hair and Beauty
5 x 5 year lease
Contact us for a property solution.
5925 6005 / 9775 1535
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.

GET IN TOUCH. WE’RE ALWAYS HERE TO HELP