News & Insights
Unit 3, 38-41 White Street, South Melbourne
March 20, 2020
Unit 3, 38 - 42 White Street, South Melbourne
SOLD
While Nichols Crowder generally sells and leases commercial and industrial property in Melbourne’s South East, we also provide our services as required in other parts of Melbourne.
In fact, over the past few years, we’ve transacted properties in North Melbourne, Collingwood, Malvern, Kilsyth, Waurn Ponds, and many other suburbs. Rest assured, we always achieve the same excellent results for these properties as those in our main regions!
This week, Nichols Crowder sold another property outside our key geographic area. A high quality office warehouse at 3/38-42 White Street, South Melbourne was sold under the hammer for $1.52 million. The 548sqm building, leased on a long-term basis to women’s footwear retailer Edward Meller, was sold on a yield of approximately 6.1%.