INDUSTRIAL & COMMERCIAL
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
AMAZING BAY SITE PERFECT for developers and owner occupiers, this rare mixed use development site is located in a prime beach front position adjoining McCrae Plaza. The property has Commercial 1 zoning and measures about 1856 square metres with a 46 metre frontage to Point Nepean Road. There is rental income from the existing car yard tenancy and a telecommunications lease. McCrae Plaza has Coles supermarket as an anchor tenant.n 725 & 725A Point Nepean Road, McCRAE FOR SALE: Contact Agent AGENT: Michelle Adams 0407 743 858 Jacobs & Lowe, 220 Main Street, Mornington, 5976 5900
SMALL BUSINESSES SETTING THE TRENDS DESPITE mixed economic conditions due to exchange rate uncertainty, stock market volatility, and some market surprises, business confidence in Australia generally improved over the past 12 months, benefiting commercial and industrial property markets. The findings, released by Nichols Crowder Carrum Downs in their 2016-17 market report, show other factors spurring confidence among investors and property buyers were record low interest rates, a relatively low unemployment rate, and continued growth in the use of self managed super funds to invest in property markets. Demand from small business also increased for smaller warehouse properties to cater to both traditional and digital businesses, a surprising trend that saw almost three-quarters of all Nichols Crowder sales for the 20162017 period relate to buildings under 250 square metres. Michael Crowder, believes recent commercial and industrial property trends will continue over into 2017-2018. “In 2016 and 2017, we saw interest rates remaining low, with demand for smaller warehouses being a key market driver. With interest rates likely to stay close to historically low levels over the next 12 months, and with developers offering smaller and more affordable warehouses, we expect to see more buyers entering the market and securing these types of properties,� Mr Crowder says.
20 YEARS OF REAL ESTATE RECENTLY notching up 20 years in the industry, Kevin Wright has been a constant figure for real estate on the Mornington Peninsula. After a successful early career in franchise development, Kevin opened Barry Plant Commercial and Industrial in 2004, and in 2010 the new Kevin Wright Commercial moved into offices in McLaren Place, where they are to this day. Now specialising exclusively in commercial and business sales, Kevin has an unwavering commitment to seeing small business owners gain the maximum benefit from their hard work when the times comes to sell. For all business and commercial sales requirements you can contact Kevin on 0417 564 454. n
FOR LEASE
PROMINENT FRANKSTON CBD OPPORTUNITY
GENEROUS INCENTIVES! Wells Street, FRANKSTON 3rd Floor Office Space
The propety is located in the heart of the Frankston CAC and is close to the Frankston module interchange. It is also opposite the Frankston Entertainment Centre which has a 2 level public car park. The building has two accesses and egress; one from Wells Street and the second from White Street Mall. The location is central to the Bayside Shopping Centre and close to the Frankston TAFE, Hospital and beach. Each floor has security grilles at each elevator entry. * Size 600m2 (approx.)
* 2 light courts
* 6 toilets and 2 showers
* 2 elevators plus dis-abled access
* Air-conditioning + opening windows
CONTACT LEASING AGENTS Rogan Ward 0418 343 939 - rogancps@bigpond.com Brett Ward 0476 000 770 - cpsward@bigpond.com
9781 2211
Suite 1, Level 3 54 - 58 Wells Street, PROPERTY SERVICES Frankston, VIC, 3199 Monday, 23 October, 2017
FRANKSTON TIMES
_
baysidenews.com.au
COMMERCIAL
Page 12