the facts

121
SWAN street

RICHMOND

TCI Leased 121 Swan Street Richmond The in depth Facts behind the scenes of the campaign. We'll explain the pros, the cons, the challenges and the reveal!

Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 121 Swan Street Richmond

THE PROS

  • Located on the best location on Swan Street – opposite Coles
  • Small overall size, creates affordability and competition
  • Well presented shop with
    • High ceiling
    • Polished concrete floor
    • Open plan layout
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 121 Swan Street Richmond
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 
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 121 Swan Street Richmond
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

  • Limited rear access with no loading access/facility
  • No bin storage
  • No car parks
  • No existing food infrastructure i.e. exhaust canopy, grease trap etc…
  • High rent in comparison to rate per m2

THE CHALLENGES

  • Marketing campaign focused on the quality of the shop and the location
  • Potential tenants were advised of the lack of bin storage and possible solutions
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 121 Swan Street Richmond
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 
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 121 Swan Street Richmond
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

  • After two weeks on market, there were multiple offers submitted to the landlords 
  • To achieve the best outcome, each party was instructed to submit their best single offer for submission to the Landlord
  • Property was leased above the asking rent, on a long term secure lease, to an exceptional tenant with a fresh and brilliant concept for the street

the facts

market expectation

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PER M²

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PER M²

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higher

Campaign performance

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PER M²

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percentage (%)

RETURN

market average

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street

Leased 121 Swan Street