60 Seconds with CRS Property

60 Seconds with CRS Property

60 Seconds with crs PROPERTY

Hello, I’m Lincoln McConnell-Brown and welcome to 60 seconds with CRS.

It is hoped that these regular series of videos will help us share relevant news and tips from the world of CRS Property.

Watch Episode 1: https://youtu.be/zB0FYMjjN8w

Watch Episode 2: https://youtu.be/h8bFPlSoV5c

Watch Episode 3: https://youtu.be/v5QEAQzMfn0

Watch Episode 4: https://youtu.be/DcwhVeU8yls 

Watch Episode 5: https://youtu.be/rUCgT8LwD9g

 

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2018

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CRS Commercial negotiates new lease for prominent ex-car wash site

CRS Commercial negotiates new lease for prominent ex-car wash site

CRS COMMERCIAL NEGOTIATES NEW LEASE FOR PROMINENT EX-CAR WASH SITE

 

CRS Property have successfully concluded a lease for 2 Military Road, Avondale Heights which is to be transformed into an upmarket fish and chip outlet and drive – thru coffee business.

The smart design will lift the profile of the 1520sqm retail site and is sure to give the locals in the area something to talk about.

After over 60 leasing enquiries we were able to provide our client with the best possible leasing outcome to secure this highly experienced business operator.

Ross Mercorillo successfully negotiated the lease for the overseas client.

Ross Mercorillo said “In assessing the enquiry received for 2 Military Road, Avondale Heights we can report a real appetite for similar sites which can provide a tenant with more than 1 income stream. The range of enquiry during the leasing campaign came from service station operators, car wash operators, food and beverage operators and medical use.”

For further enquiries please contact Ross Mercorillo of CRS Commercial.

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2018

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CRS Appointed On Melbourne Square Retail Leasing

CRS Appointed On Melbourne Square Retail Leasing

CRS APPOINTED ON MELBOURNE SQUARE RETAIL LEASING

Following on from the successful Leasing to Woolworths of the two-level full-line supermarket at Melbourne Square, CRS Property have recently been appointed to carry out both the Leasing Advisory Role, and Speciality Shop Leasing for Stage 1 at Melbourne Square.

CRS Principal of Major Projects, Myles Snow said, “the CRS business was both proud and delighted to be a part of this Landmark development situated in the hub of the Southbank precinct. A special announcement regarding the release of this select retail floor space is scheduled for June and July this year.

Snow went on to say, “We believe our targeted national and overseas operators will see this unique business opportunity as one of the best in recent time. The design has taken into account the need to establish strong links between the food/beverage and service precincts, and the Major Tenant Woolworths. This has led to an overall design outcome, whereby all retail floor space to be offered to the market will be seen as Premium” he said.

Snow went on to say, “the high level of Urban Design that Cox Architects have achieved on this Southbank site is cutting edge for commercial floor space in Melbourne. The ground level ‘open space environment’, will allow high standards of food and beverage design opportunities for selected tenants, this will be achieved via tall glass and bifold shopfronts, natural sunlight, picture framed by an outstanding ‘green feel’ of the surrounding gardens within the retail precinct of the development” it will be quite unique he said.

Enquiries and further details contact CRS Commercial.

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2018

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CRS Negotiates Second Two Level Supermarket at Twin Tower Project Queens Place

CRS Negotiates Second Two Level Supermarket at Twin Tower Project Queens Place

CRS NEGOTIATES SECOND TWO LEVEL SUPERMARKET AT TWIN TOWER PROJECT QUEENS PLACE

Following on from the 2 Level Full Line Supermarket at Melbourne Square, CRS have again just concluded the planning and Lease negotiations for another smaller 2 level supermarket at the twin tower project at 350 Queen Street Melbourne, known as Queens Place.

The latest, design is based around 1,680 m2 Woolworths Convenience store, with outstanding ground floor exposure, and an escalator servicing the stores lower level trading floor.

There will be a select range of food/beverage and service premises to lease, with quality malls and open space, that will see this project become an outstanding new focal point for a destination meeting place in Melbourne.

Myles Snow, Principal of Major Projects at CRS successfully negotiated both the plan and the Lease for the Woolworths store.

Snow believes these latest 2 Level Supermarket designs are symptomatic of the higher density developments that are occurring in the prime inner city and city fringe locations of Melbourne.

“Woolworths seems to have embraced this concept ahead of their opposition” Snow said “ however Woolworths have been successfully working on these 2 level concepts in prime Sydney locations” He believes the amount of internal design and planning that has gone into both Melbourne Square and Queens Place, will see some outstanding outcomes for the customer when they open their doors for business. It will be an amazing offer he believes with a large emphasis on “fresh and deli offers”.

For more information contact CRS major projects. 

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2018

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Solid Sales Results from the Team At CRS Commercial

Solid Sales Results from the Team At CRS Commercial

SOLID SALES RESULTS FROM THE TEAM AT CRS COMMERCIAL

CRS Commercial have just sold three prime commercial/industrial sites within 6 days, including two retail Strata properties.

The first was 10 Ardena Court, Bentleigh East which sold under the hammer at auction on Thursday 25th October 2018.

Offered for the first time in 40 years, this outstanding stand-alone warehouse building is located in the heart of Bentleigh East’s Commercial and Residential precincts.

The property offered the purchaser an investment with excellent future growth potential. It is occupied by Autologic, a well-known BMW Specialist for the last 40 years and a long history as a tenant for more than 30 years.

The property was sold for $1,547,000 which equates to a 3% yield (approx.) to an overseas investor. In excess of 40 genuine enquiries were received and the crowd at Auction was 70 plus with 4-5 bidders vying for the property.

This team then sold 6-8 Leake Street, Essendon before Auction for $1,225,000 with a 5.5% yield.

This property is situated in the heart of one of Melbourne’s most sought-after retail precincts and lifestyle locations with an established network of transport all close at hand.

The property was offered with existing income to an established tenancy (Tope Chinese Restaurant) and provided a rare opportunity to purchase an affordable strata investment with an excellent potential for future growth.

Shop 2R 520 Swanston Street, Carlton went to Auction on Wednesday 31st October. The property was offered subject to the lease terms and conditions currently in place with Kitchen 520 and provided the opportunity for investors to secure a rare retail offering within the city fringe of the Melbourne CBD.

A crowd of approx. 80 people gathered at the auction as 4 bidders fought it out to secure this outstanding strata investment.

The property sold under the hammer for $1,311,000 representing a yield of 5.35%.

CRS are finding that as the cost to purchase strata titled properties is generally lower than a freestanding property and at present, we are experiencing high demand which was clearly demonstrated in these recent sales.

Through our extensive experience in the Strata field, we are seeing Lot Owners becoming frustrated as they watch their assets depreciate in value due to Owners Corporation Managers who aren’t quite up to date with current laws and legislation, however with the right Owners Corporation Manager these properties will grow in value.

For further enquiries regarding any of these transactions, please contact Lou Montalti or Ross Mercorillo of CRS Commercial.

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CRS PROPERTY

Level 4, 256 Queen Street
Melbourne VIC 3000 AUS

Phone: +61 3 9670 1255
Fax: +61 3 9670 3373
Email: contact@crsproperty.com.au

Copyright CRS Property 2018

FOLLOW US

Keep up to date with our latest
information by following us on: