Market Updates

November 29, 2018

QUALITY INDUSTRIAL FACILITY

SOLD
3B / 97-107 Canterbury Road, Kilsyth

The Victorian economy has grown at a faster rate than the Australian economy over the past few years.  From 2015-16 through 2017-18, Victoria’s state gross product increased at an average of 3.7% each year, much greater than Australia’s GDP growth of 2.6% per annum over the same years.

Some of this strong growth has been due to the continued investment in Victoria’s infrastructure and transport projects.  This investment has flowed through into other...

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November 20, 2018

Warehouse Plus Land

SOLD
7 Joyner Street, Moorabbin

A clear span warehouse with adjoining land at 7 Joyner Street has been sold for $1.305 million to a local owner occupier.  Set on land of 1,077sqm, the building of 418sqm included a showroom area, office, and staff facilities.  Due to the uniqueness of the warehouse combined with spare land at the side with street frontage, the property generated a large number of enquiries.  Jill Duggan of Nichols Crowder/ Nixon Industrial marketed and sold...

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September 21, 2018

MOORABBIN MARKET REPORT

Moorabbin Business District: 60 Years in the Making

As a continuing service provided to clients and interested parties, the Nichols Crowder and Nixon Industrial research team has undertaken a thorough study of the commercial and industrial property markets in Moorabbin and surrounding precincts. 

Available now, Moorabbin Business District: 60 Years in the Making examines the historic, economic, business and industry drivers that have influenced the area over the past six decades.  

The report highlights several key trends, such as:

May 23, 2018

High & Bright

AUCTION
Thursday, June 14 at 12 noon, on site

89 Argus Street, Cheltenham

 

A classic and highly functional brick warehouse with front offices in a highly desirable part of Cheltenham is being offered to the market through Nixon Industrial.  To be auctioned on site on June 14 at 12 noon, 89 Argus Street is sure to appeal to owner occupiers and investors alike.

Set on land of approximately 669sqm, the building of around 474sqm includes a large clear span warehouse with...

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April 20, 2018

A Classic With Upside

FOR PRIVATE SALE

18-20 Wren Road, Moorabbin

A large, classic Moorabbin warehouse with great flexibility is being offered to the market by Nixon Industrial.  Located at 18-20 Wren Road, Moorabbin, the property is being sold either with vacant possession or partially leased.

The 1,500sqm warehouse with reception area, office and staff amenities is set on land of 1,850sqm.  There is potential for the property to be split into two, providing the new owner with the option to lease out half...

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February 13, 2018

VERSATILE OFFERING

SOLD
69 Levanswell Road, Moorabbin

Older-style, brick warehouses in Moorabbin’s industry precinct continue to be popular with owner occupiers and investors alike.  This is due to their usage flexibility and potential for refurbishment, with the recent sale of 69 Levanswell Road, Moorabbin again showing this is the case.

Sold by Jill Duggan, Sales and Leasing Executive, the 360sqm warehouse with a large showroom, office and staff amenities is set on 706sqm of land.  It also had a large...

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February 11, 2018

LUCKY 88

SOLD

88 Cochranes Road, Moorabbin

Nixon Industrial is offering to the market a large warehouse with a showroom and office that is located right in the middle of Moorabbin’s surging industrial precinct.  With great potential for owner occupiers and investors, the property is to be auctioned on Wednesday, February 28 at 12:00 noon, on site.

Sales and Leasing Executive, David Garfield, says, “These older-style brick warehouses in Moorabbin are becoming very popular.  Owner occupiers like them due to...

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February 01, 2018

WAREHOUSE AND LAND

SOLD

13 - 15 Bignell Road, Moorabbin

Nixon Industrial is proud to offer to the market for the first time in 50 year a warehouse and land property on two titles to be sold as one.  To be auctioned onsite on Thursday, February 22 at 12:00 noon, the property is ideal for owner occupiers and developers.

Combined, the total land area of the two properties is 2,394sqm.  13 Bignell Road has an older-style 891sqm warehouse with a 79%...

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November 23, 2017

Ultimate Land & Warehouse Package

SOLD
7-13 Bond Street, Mordialloc


An older-style brick warehouse on large land at 7-13 Bond Street, Mordialloc has sold under the hammer at auction for $1.55 million.  Marketed conjunctionally by James Glen of Nichols Crowder, and David Garfield of Nixon Industrial, the 692sqm warehouse sits on approximately 3,260sqm of Industrial 1 zoned land.  This includes an 863sqm drainage easement on title, plus a 70 metre frontage

Few warehouses become available in this tightly-held industrial precinct, with this one only...

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November 15, 2017

SPRINGVALE’S LAST REMAINING MAJOR LAND HOLDING

EXPRESSIONS OF INTEREST CLOSED

1626-1638 Centre Road, Springvale


One of Springvale’s last great land holdings is being offered to the market via an EOI campaign closing at 3:00pm on Wednesday, November 29.  Marketed by Nixon Industrial, in conjunction with Colliers International, the 4.28 hectare site at 1626-1638 Centre Road is between Westall Road and Springvale Road, and is zoned Industrial 1.

With permits pending for 36 small and mid-size office warehouses, and additional proposed larger industrial buildings totalling 11,510sqm...

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