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the facts

148
UNION ROAD

SURREY HILLS

Leased 148 Union Road Surrey Hills 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 148 Union Road Surrey Hills TCI Lease Leased

THE PROS

  • Modern development completed in 2014
  • Clean retail space
  • Sealed concrete floor
  • Next to anchor tenants Vintage Cellars and Coles Local
The Facts 148 Union Road Surrey Hills 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 148 Union Road Surrey Hills 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
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased
The Facts 148 Union Road Surrey Hills TCI Lease Leased

THE CHALLENGES

  • Converting the negative i.e. a secondary retail strip, to a positive
  • To achieve this, our marketing campaign promoted the location as a lucrative catchment opportunity to a local captured market with a suburb median price of $2.4m – as opposed to being one of many in an overcrowded primary strip, as well as its proximity to anchor tenants
The Facts 148 Union Road Surrey Hills 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 148 Union Road Surrey Hills 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

  • Within 6 days, TCI secured 3 offers, providing the Landlord the option of their preferred tenant
  • The property was leased at a rent of $26,000 per annum + GST or $541/m2 net on an initial 5 year term
  • Final result being 71.66 times quicker than market average

the facts

market average

0

DAYS on market

  • RESULT
0

days on market

  • difference
0
.6

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

No Data Found

DAYS ON MARKET

market EXPECTATION

  • RESULT

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union Road

Leased 148 Union 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.

© 2025 TCI Property – All Rights Reserved

all figures and outlines are approximates only

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