Strong Interest in Eastern Industrial Assets

Posted on Apr 22, 2013 by Rory White.

A stand alone industrial freehold of 370 sqm on a site area of 460 sqm at 29A Metropolitan Avenue in Nunawading has been sold by GrayJohnson agent Rory White for $652,000 + GST.

Previously owner-occupied, the property has been purchased by a catering business proposing to relocate from their current premises in Bulleen.

The property has a high internal clearance building with a double storey office component and on-site car parking for three vehicles.

The building in Metropolitan Avenue is only 200 metres south of the Whitehorse Road bulky goods retail strip with its numerous major brand occupancies.

This is a tightly held precinct of Nunawading where properties are rarely available and this sale has been effected on a 45-day settlement.

The property is within easy reach and major arterial road linkages nearby include Whitehorse Road, Middleborough Road & EastLink.

Our budget sale campaign realised a strong result on behalf of our client within 30 days.

For more information, contact Rory White on 0439 655 504.

Preston Industrial – Flavour of the Month

Posted on Nov 28, 2012 by Rory White.

A high quality warehouse building at 29 Reserve Street, Preston has been sold for $725,550.

The property was sold via a deadline private sale campaign to an owner-occupier – an audio visual services group.

29 Reserve Street, Preston consisted of a modern industrial freehold of 530 sqm approx.  It boasts clear span design and a massive 17-metre frontage.  It has the added benefit of 4 off street carparks at the front of the premises.

At GrayJohnson we are experiencing strong demand for Industrial properties for sale in Alphington, Fairfield and Preston.

For further details, contact Rory White on 0439 655 504 or rwhite@grayjohnson.com.au.

Richmond Retail

Posted on Nov 23, 2012 by Rory White.

GrayJohnson has recently sold 255 Swan Street via an online sale campaign.

The property was sold for $607,500, which represents $8,930 psm.

The property was recently refurbished by the vendor and offered for sale or lease.

The buyer is an owner-occupier who specialises in the retail flooring products across metropolitan Melbourne.

Our office is experiencing strong demand for commercial property for sale with vacant possession. More especially, in Richmond, Collingwood and Abbotsford.

For more details, contact Rory White on 0439 655 504 or rwhite@grayjohnson.com.au.

Rare Richmond Retail for Sale

Posted on Nov 02, 2012 by Rory White.

GrayJohnson has recently listed 255 Swan Street, Richmond for sale.

The property is fully-refurbished and ideally positioned boasting a corner location and is in close proximity to vibrant Church Street.

The property has two street frontages and an extensive frontage to Swan Street of 6.7 metres.

The building has an area of 68 sqm and includes a polished concrete floor slab with an amenity area included. There is also an opportunity for alfresco outdoor seating potential on Swan and Mary Streets (STPA).

The property will suit a vast array of uses, including cafes, showrooms or services (STPA).  It is also adjoined by two architecturally-designed residences by Neil Architects and abuts an established residential precinct to the north.

255 Swan Street is for sale or lease with immediate occupancy.

For more information, please contact Rory White on 0439 655 504.

Coolaroo Retail For Lease

Posted on Oct 31, 2012 by Rory White.

A new retail and services complex being developed on the corner of Barry & Pascoe Vale Roads in Coolaroo continues to lease up.

With a project value of about $10 million, the project known as 1350 Pascoe Vale Road now occupies the long vacant corner site.

It is within easy reach of the new Coolaroo railway station on the Broadmeadows line.

The project is being developed by two local investors and the builder is Dzine Group.

The facilities include a multi practice standalone medical services centre with an area of about 1,000 – 2,000 sqm and a large 7-11 service station and convenience store.

GrayJohnson is appointed to lease the five individual retail outlets which make up the balance of the development.

Two of the five retail spaces are subject to new leases, another one is under offer and only two remain available for lease.

One of the new tenancies is Shop 7 leased to the Radwan Lebanese Bakery on a three year plus five year option lease at a commencing annual rental of $49,000 net for 92 sqm. The lease allows 4% annual increases.

While Shop 7A has been leased to Charcoal Chicken & Seafood over a 65 sqm retail space at a commencing annual rental of $35,000 net on a five year plus five year option basis with 5% annual rental increases included.

The large 7-11 outlet which has been open for trading for several months is performing well and trading solidly.

There are only limited retail spaces still available, each of 105 sqm approx.

For more information on the retail spaces available at 1350 Pascoe Value Road, Coolaroo, please contact us on 9654 3022.