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the facts

49
viewpoint avenue

GLEN WAVERLEY

Leased 49 Viewpoint Avenue Glen Waverley 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 49 Viewpoint Avenue Glen Waverley TCI Lease Leased

THE PROS

  • Corner location with exposure to Waverley Road
  • Signage exposure opportunity
  • Combined with first floor residence/office
The Facts 49 Viewpoint Avenue Glen Waverley 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 49 Viewpoint Avenue Glen Waverley 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 a total of 6 properties i.e. very limited foot traffic
  • Location would be a ‘destination’ only
  • Fit-out was outdated and required renovations
  • Single air-conditioner in entire property
  • Entrance to first floor was internal i.e. no ability to lease separately
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased

THE CHALLENGES

  • Prior to our appointment, the property was vacant for ~2 years and marketed by multiple other agents – the marketing required a different approach
  • Converting the negative i.e. a secondary suburban ‘strip’, to a positive
  • To achieve this, our marketing campaign promoted the location as a lucrative catchment opportunity to local residents with signage exposure to Waverley Road, as well as the opportunity to combine business and residence in what was a highly competitive residential rental market
The Facts 49 Viewpoint Avenue Glen Waverley 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 
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 weeks, TCI secured 2 signed offers, providing the Landlord the option of their preferred tenant
  • The property was leased at a rent of $40,000 per annum + outgoings + GST
  • Final result being 17.38 times quicker than market average
The Facts 49 Viewpoint Avenue Glen Waverley TCI Lease Leased

the facts

market average

0

DAYS on market

  • RESULT
0

days on market

  • difference
0
.3

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

No Data Found

DAYS ON MARKET

market EXPECTATION

  • RESULT

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

Leased 49 viewpoint avenue

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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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