The Aston Pulse - January 2022

Aston Pulse

EDITION | JANUARY 2022

THE

THE ASTON PULSE

Contents 4

Who Are We?

6

Market Update

8

Feature Suburb

10

New Year, New Opportunities

12 Sales

18

Leasing

26

Recent Highlights

28

Property Management

32

Your Team

Same isn’t a grea for the best resul Or for life.

If you’re doing the same thing and expecting a different result, you’re bound to be disappointed.

So, the saying goes.

In fact, in today’s market, the key is deciding to push that bit harder and go that bit further.

at formula lts.

Aston Commercial is a different type of agent.

A difference shaped by our history as a trusted generational advisor – and our commitment to embracing change.

We do our homework first and talk second.

We approach the market with imagination and flair that’s firmly anchored in experience — then we work hard.

Success then becomes a logical outcome, not a fortunate windfall.

Current Mood.

THE ASTON PULSE

There is a wonderful saying about timing the market and time in the market. The question we often get today is whether the market is “too hot” and peaking.

Let’s wait – why? Historically, the start of every decade is faced with economic challenges and time has proven that those that are patient reap the rewards.

With interest rates at incredibly low levels, the appetite for commercial property has never been stronger. Why leave money in the bank for the pathetic return after fees? Why not borrow given the low cost of finance? There is enormous pent-up demand in all sectors and our qualified contact database has now grown to over 30,000 (a 16% increase in 15 months).

The time to sell has never been better than now!

The COVID Lockdowns forced our vacancy rate to double and increase to over 100 tenancies available in retail, office and some industrial. However, the last 8 weeks of 2021 saw our Leasing Team conclude multiple deals due to aggressive marketing and negotiation to reduce the vacant tenancy stock to only 62.

Business confidence regained momentum.

The time to invest more in marketing to reduce vacancy periods is now!

The Property Management Team will continue to navigate the complex deals negotiated during the COVID Lockdowns and begin to find some stability.

We continue to invest in technology that assists in providing a premium Client service which is demanded more than ever today.

The time to ensure you have the best professionals managing your Commercial Property is now!

So, when we talk about “timing the market or time in the market” we know one thing is for sure – hindsight makes us all a little smarter and being in the market with a long-term view is better than not being in the market at all. The best advice is don’t try to pick the bottom of the market in sales or leasing – just participate with sound business fundamentals and wait.

Best wishes for 2022. Stay safe. Stay happy.

Fred Nucara Director & Officer in Effective Control

GOING...

GOING...

GONE!

THE ASTON PULSE

Feature Suburb.

BRUNSWICK | 3056 Demographics

24,473

30.1%

20.1%

Population

Independent Youth

Maturing & Established Independence

Top Asset Types LEASED in Brunswick in the last 3 months

33%

26%

12%

Office

Retail

Industrial/Warehouse

Top Asset Types SOLD in Brunswick in the last 3 months

11%

10%

10%

Retail

Development/Land

Industrial/Warehouse

Figures are approximate Sources: 2016 Census, REA, CRE

SUBURB PROFILE Brunswick is positioned on the fringe of the CBD with fantastic access in and around Melbourne’s most popular retail strips, medical and educational precincts and landmark attractions via its strong access to trams, trains and walking tracks. Brunswick is a lively mix of cultures amidst an incredibly happening cafe, restaurant and bar scene.

Here is a sample of what Brunswick and surrounds has to offer:

The Cornish Arms Hotel Welcome to Brunswick Union Hotel Howler Bar

Barkly Square Coles Kmart Dan Murphy’s

Princes Park Melbourne Zoo Brunswick Baths RMIT University

Trains Trams Buses

THE ASTON PULSE

Talk to us.

New year, new opportunities.

After yet another challenging year, our Team have taken a wellearned break and are ready to charge into 2022!

Here at Aston Commercial we pride ourselves on being Melbourne’s leading independent commercial real estate agency.

Steering clear of industry norms, we do things a different way, pushing your property results further.

How do we do this?...

Our dedicated, proactive team Our swift flawless customer service Our open and honest communication Our expert knowlegde paired with the latest technologies

People. Service. Differently.

Our Services: Property Management All hands-on, Aston Commercial preserves your asset income and grows your portfolio because it’s about the long game. Optimum performance requires open communication, proactive service and a strong motivation to get to know your property intimately.

Sales Genuine customer service, superior attention to detail, stellar negotiation, and thorough research; our hand-picked strategic sales team ensure your property gets in front of the right people.

Leasing We value preparation, presentation, and first impressions. Our team make sure your property is looking its sharpest before leasing so we maximise the rental offers.

Get in touch to discuss what we can do for you.

THE ASTON PULSE

Looking to sell?

EXPERIENCE, HONESTY, INTEGRITY, KNOW-HOW - IT’S AN ASTON THING Selling with Aston Commercial means assuring yourself with a Team of passionate individuals driven to deliver you optimal results. Rather than resting on laurels, the Aston difference is to be in a constant stride towards better. We predict market trends, optimise promotions with the latest software to get the right people through your door, and give you the best possible, professional advice that is truly open, honest, and reliable. Together, Aston Commercial builds on years of industry experience and contacts to give you the service you deserve, with the greatest financial outcome.

...or buy?

Don’t wait to buy property, buy property and wait..

801 Centre Rd, Bentleigh East

SALE/LEASE

View

Centrepiece Commercial - Premium Retail Opportunities Six Tenancies: 40sqm–492sqm*

Competitive Price and Incentive

$

High Exposure High Traffic Corner

Up to 13 Car Parks

Josh Burne

Rodney King

0430 338 202

0422 839 870

Josh@astoncommercial.com.au

Rodney@astoncommercial.com.au

Suits a Variety of Uses (STCA)

SALE/LEASE

67 Katrina St, Blackburn North

View

Why Work From Home?

Building Area: 45-55 sqm*

Newly built office ready for fit-out

One car space per unit

Suits a Variety of Uses (STCA)

Sebastian Origlia

Jeremy Gruzewski

0428 056 294

0422 211 021

Sebastian@astoncommercial.com.au

Jeremy@astoncommercial.com.au

Great for small business or firsttime investors

1273-1275 Toorak Rd, Camberwell

View

Prized Camberwell Development Opportunity Land Area: 1,448 sqm*

Over 31 metre frontage to Toorak Road

Blue chip location inner suburb

Median House Price $2,550,000* (REIV)

Liam Rafferty

Jeremy Gruzewski

0421 886 655

0422 211 021

Liam@astoncommercial.com.au

Jeremy@astoncommercial.com.au

Nearby Hartwell & Burwood Village Shopping Precinct

140-146 Glen Eira Rd, Elsternwick

View

Best of Both Worlds - Occupy or Develop Land Area: 875 sqm*

Vacant Possession

ZONE

Mixed Use Zoning – MUZ

Combined street frontage of over 62 metres*

Liam Rafferty

Fred Nucara

0421 886 655

0418 567 560

Liam@astoncommercial.com.au

Fred@astoncommercial.com.au

Prime location nearby Ripponlea Village

611/1 Queens Rd, Melbourne

View

A Mathematical Investment Building Area: 50 sqm*

$

Returning $17,340p.a.

Circa 5.5% Yield*

Leased till January 2023 with Further Options

Liam Rafferty

Sebastian Origlia

0421 886 655

0428 056 294

Liam@astoncommercial.com.au

Sebastian@astoncommercial.com.au

Abundance of Natural Light

79 Arden St, North Melbourne

View

Ready, Set, Go! Building Area: 120 sqm*

Stone’s Throw From the CBD

Disabled Toilet & Shower

Only 50m* From Train Station

Sebastian Origlia

Jeremy Gruzewski

0428 056 294

0422 211 021

Sebastian@astoncommercial.com.au

Jeremy@astoncommercial.com.au

Suits a Variety of Uses (STCA)

1.03/15-87 Gladstone St, South Melbourne

View

Industrial Style Office in Prime Location Building Area: 47 sqm*

Polished Concrete Floors

North Facing Natural Light

On-site Café & Gym Facilities

Josh Burne

Sebastian Origlia

0430 338 202

0428 056 294

Josh@astoncommercial.com.au

Sebastian@astoncommercial.com.au

1 Secure Car Park

Suite 2, 204 Toorak Rd, South Yarra

View

Built For Investment Building Area: 200 sqm*

Five (5) Year lease Term with further option

$

Returning: $79,567.50 Pa +GST

Fixed 3% annual increases

Liam Rafferty

Fred Nucara

0421 886 655

0418 567 560

Liam@astoncommercial.com.au

Fred@astoncommercial.com.au

Five (5) car spaces on title

Looking for a tenant?

THE ASTON PULSE

SWIFT, THOUGHTFUL SERVICE – TRANSPARENT, OPEN COMMUNICATION You require an Agent and Team of support that not only performs with speed, initiative, and tenacity but who acts in your best interest. At Aston, we pride ourselves on thoughtful service that’s personal to you. Every client’s needs are individual to them, and that’s why no two services are ever the same.

Our dedicated team remain open and transparent with you throughout the leasing process. Strong, consistent, twoway communication is imperative so, from us you can expect honesty, integrity, and a supportive Team you can lean on and has you top of mind, always.

...or to lease?

It’s not about timing the market, it’s about time in the market.

12 & 13, 320 Carlisle St, Balaclava

$40,000 pa Gross

View

Big & Bright Balaclava Office Building Area: 157 sqm*

1 Car Space

Great Natural Light All Day

Directly Across From Train Station

Josh Burne

Sebastian Origlia

0430 338 202

0428 056 294

Josh@astoncommercial.com.au

Sebastian@astoncommercial.com.au

252 Dorset Rd, Boronia

Suits a Variety of Uses (STCA)

$35,000 - $270,000 pa

View

Boronia’s Biggest, Brightest and Best Building Area: 118-1,211 sqm*

Josh Burne 0430 338 202 Josh@astoncommercial.com.au

Incredible Natural Light & Views

Upto 17 Car Spaces

Unrivalled Exposure

Opposite Boronia Train Station

268 Barkly St, Brunswick

$150,000 pa

View

Brunswick’s Best & Brightest Building Area: 628 sqm*

High Access Roller Door

Cool Room

Light & Bright

Josh Burne

Rodney King

0430 338 202

0422 839 870

Josh@astoncommercial.com.au

Rodney@astoncommercial.com.au

166 Johnston St, Collingwood

Suits a Variety of Uses (STCA)

$80,000 pa

View

Excellent Exposure in Collingwood Building Area: 200 sqm*

Large Fully Equipped Kitchen

Heating & Air Conditioning

Excellent Spacious Rear Courtyard

Lucy Kuhne

Sebastian Origlia

0400 633 120

0428 056 294

Lucy@astoncommercial.com.au

Sebastian@astoncommercial.com.au

Suits a Variety of Uses (STCA)

246 Brunswick St, Fitzroy

$64,000 pa

View

Brunswick Street Beauty Building Area: 105 sqm*

Rear Access

Exceptional Exposure

High Ceilings

Josh Burne

Sebastian Origlia

0430 338 202

0428 056 294

Josh@astoncommercial.com.au

Sebastian@astoncommercial.com.au

1/80A Glenferrie Rd, Malvern

Suits a Variety of Uses (STCA)

$40,000 pa

View

Flexible First Floor Office Building Area: 143 sqm*

Light & Bright

Flexible Floorplan

Front & Rear Entrance

Josh Burne

Sebastian Origlia

0430 338 202

0428 056 294

Josh@astoncommercial.com.au

Sebastian@astoncommercial.com.au

Suits a Variety of Uses (STCA)

Unit 5/430 Bell St, Pascoe Vale South

$20,000 pa

View

The Chime on Bell Street Building Area: 72 sqm*

Full Amenities

Private Entrance

Great Visibility

Sebastian Origlia

Josh Burne

0428 056 294

0430 338 202

Sebastian@astoncommercial.com.au

Josh@astoncommercial.com.au

100 Gladesville Blvd, Patterson Lakes

Abundance of Natural Light

$40,000-$60,000 pa

View

Exceptional Exposure on Gladesville Building Area: 50-150 sqm*

Clean, Modern Shells

Partial Fit-out for Hair Salon Available

Ample Free Parking

Lucy Kuhne

Sebastian Origlia

0400 633 120

0428 056 294

Lucy@astoncommercial.com.au

Sebastian@astoncommercial.com.au

Unrivalled Exposure

Level 2, 227 Commercial Rd, South Yarra

$60,000 pa

View

Superb South Yarra Office Building Area: 203 sqm*

Creative Styling

Large Kitchen & Bathroom

Great Exposure

Suits a Variety of Uses (STCA)

Lucy Kuhne 0400 633 120 Lucy@astoncommercial.com.au

183 Acland St, St Kilda

$90,000 pa

View

Retail Ready!

Building Area: 141 sqm*

High Exposure 6m* Frontage

Rear Lane Access

Suits Variety of Uses (STCA)

Josh Burne

Lucy Kuhne

0430 338 202

0400 633 120

Josh@astoncommercial.com.au

Lucy@astoncommercial.com.au

Busy 7-Day Trading Strip

111 Barkly St, St Kilda

$40,000 pa

View

Funky Retail in Bustling Barkly Building Area: 110 sqm*

Area Spans Over 2 Levels

High Traffic Location

Bathroom + Large Kitchen

1 Car Space

Sebastian Origlia

Lucy Kuhne

0428 056 294

0400 633 120

Sebastian@astoncommercial.com.au

Lucy@astoncommercial.com.au

194 Brandon Park Dve, Wheelers Hill

$25,000 pa

View

Be Part of a Community Building Area: 71 sqm*

Rear Loading Access

Sebastian Origlia 0428 056 294 Sebastian@astoncommercial.com.au

Significant Customer Parking

Flexible Blank Canvas

Suits a variety of uses (STCA)

THE ASTON PULSE

Some Recent Highligh L O D S

L O D S

2-4 Surrey St, Mornington

1160 Glen Huntly Rd, Glen Huntly

L O D S

L O D S

643-645 High Street Rd, Glen Waverley

7 Windsor Ave, Springvale

hts A SED E L

A SED E L

1/91 Station St, Malvern

129 Thomas St, Brighton East

A SED E L

A SED E L

364 Chapel St, South Yarra

223 Commercial Rd, South Yarra

THE ASTON PULSE

Property Management.

SNAPSHOT For a second year running, we experienced another extremely challenging market. Our Team was required to adapt to an evolving business environment and we continued to achieve fantastic results for our Clients.

Thank you to our Landlords who have entrusted us with the Management of their Commercial Property. Here are some of our Property Management results in 2021:

COVID Rent Relief Negotiations:

Lease Renewals:

Small Business Commission (Covid Rent Relief Hearings):

Over 650

156

22

Gained Managements:

Transfer of Lease Applications:

New Leasing Deals:

103 Tenancies

37

107

Property Management has always been more than “money-in and money-out” and with COVID impacting on Economic Activity, we have all been required to adapt quickly.

Our Team has been sharing their experiences during COVID restrictions imposed by Government Authorities and has made each individual better prepared to continue to provide our high levels of professional service to you.

We thank our existing Clients and Welcome new Clients to discuss how we can help.

We have the market covered.

Speak to the Team that “listens first, then delivers”.

Marc Hayden Director & Head of Property Management

Jeremy and Rod were fantastic. Kept us the whole way through and exceeded o expectations in a niche market.

George L.

s informed our price

THE ASTON PULSE

Your Aston Team.

Melbourne’s leading, independent commercial real estate agency.

We break cliches to deliver the results you deserve.

Fred Nucara Director & Officer in Effective Control 0418 567 560 fred@astoncommercial.com.au

Jeremy Gruzewski Director & Head of Agency 0422 211 021 jeremy@astoncommercial.com.au

Rodne Director o 0422 8 rodney@astoncom

Liam Rafferty Associate Director 0421 886 655 liam@astoncommercial.com.au

Josh Burne Leasing Executive 0430 338 202 josh@astoncommercial.com.au

Lucy K Leasing E 0400 6 lucy@astoncom

Aston Commercial Level 1, 107-111 High Street, Prahran 03 8532 2222 astoncommercial.com.au

ey King of Agency 839 870 mmercial.com.au

Kuhne Executive 633 120 mmercial.com.au

Marc Hayden Director & Head of Property Management 0412 592 849 marc@astoncommercial.com.au

Sebastian Origlia Agency Executive 0428 056 294 sebastian@astoncommercial.com.au

Stephen Fischl Associate Director - Property Management 0437 526 985 stephen@astoncommercial.com.au

Eleanor Krix Senior Property Manager 0431 702 455 eleanor@astoncommercial.com.au

*Approx.

(03) 8532 2222 Level 1, 107-111 High Street, Prahran astoncommercial.com.au

*Approximate. All information is correct at time of preparation.