COMMERCIAL REAL ESTATE NEWS, TRENDS AND INSIGHTS
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26YEARS
$
OF PROPERTY INSIGHTS
10,000
+
LOCAL INVESTORS REACHED

Retail Property Update

By | 19/07/2022

  • Seeing a trend of increased occupation from service businesses in traditional retail spaces
  • Lease terms typically 3 years up to 7 years plus Options
  • Incentives typically 2-3 months rent free, but dependent on Lease terms & conditions
  • Strong purchase demand from investors seeking yields typically around 3.0-4.0%

Recent Retail Properties Sold by GK

274 Whitehorse Road, Balwyn
Sold: $3,010,000

743-745 Nicholson Street, Carlton
Sold: $2,135,000

503 High Street Road, Mount Waverley
Sold: $1,200,000

902-904 Nepean Highway, Hampton East
Sold: $2,150,000

Inner Eastern Lease Results

Shop 20/ 674-680 Glenferrie Road, Hawthorn
65sqm | $692/sqm

1384 Malvern Road, Malvern
219sqm | $274/sqm

921 Burke Road, Camberwell
176sqm | $256/sqm

124 Cotham Road, Kew
75sqm | $400/sqm

City Fringe Lease Results

337 Smith Street, Fitzroy
118sqm | $335/sqm

498 Bridge Road, Richmond
64sqm | $547/sqm

143 Chapel Street, St Kilda
64sqm | $438/sqm

744 Bourke Street, Docklands
65sqm | $523/sqm

Outer Eastern Lease Results

34 Main Street, Croydon
97.5sqm | $246/sqm

104 Maroondah Highway, Ringwood
255sqm | $392/sqm

Shop 7/ 35-37 Drysdale Road, Warrandyte
59sqm | $438/sqm

Shop 4/ 325-327 Manningham Road, Templestowe Lower

76sqm $447/sqm

Contact our team of Retail specialists for all your Retail Sales, Leasing and Property Management needs.

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Nick Breheny

Written by Nick Breheny 

"Nick commenced his career in the Eastern Suburbs and brings over 30 years’ experience in commercial property sales and leasing with an emphasis on development sites and investment property."

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