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the facts

shop 3
79
wilsmere road

KEW

Leased Shop 3, 79 Willsmere Road Kew TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges & the reveal!

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The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased

THE PROS

  • Limited surrounding vacancies
  • Immediate proximity to IGA
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE CONS

  • Secondary suburban retail strip with less foot traffic than a primary
  • No car parking
  • Fit-out was outdated and required renovations
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased

THE CHALLENGES

  • The existing tenant was offered by the Landlord to renew the lease at a rent of $31,500 per annum + outgoings + GST
  • The existing tenant had not responded to the Landlord’s offer and we had very limited time to secure a new tenant prior to the expiry of the existing lease
  • Our goal was to secure a new tenant immediately, to avoid loss of rent for the Landlord
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
The Facts Shop 3 79 Willsmere Road Kew TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE REVEAL

  • Prior to public marketing, TCI referred prospective tenants from our database and leased the property ‘off market’ at a rent of $33,000 per annum + outgoings + GST or $471/m2, representing a 4.77% increase in rent, combined with no downtime and no incentive provided to the new tenant
  • Final result being 267 times quicker than market average

the facts

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  • RESULT
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market EXPECTATION

  • RESULT

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

Leased shop 3, 79 willsmere Road

TCI Commercial Real Estate For Sale Sold For Lease Leased Property Management Commercial Real Estate Richmond Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.

Contact

Address

463 Bridge Road,
Richmond 3121

Phone

03 9426 8000

Email

teneketzis@tciproperty.com

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TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.

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TCI Commercial Real Estate For Sale Sold For Lease Leased Property Management Commercial Real Estate Richmond Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
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