In our recent review of the Clayton Road Main street commercial sales market we noticed some discernible differences in the value rates across the building area, site area and net rents when looking at the east and west side properties..
In recent years the Clayton Road strip has seen some changes as have many of the suburban main-streets in Melbourne. We are always learning new things about this locality and just discovered there are a couple of great spots for coffee and the place generally has a strong vibe about it.
The Clayton Road shopping main-street is located some 18kms from the CBD and it is included in the massive rail investment currently underway in the road/rail separation program.
When looking at some of the recent sales results, we did notice a discernible difference in the East and West side metrics. Here are the numbers:
These figures have been sourced from the latest sales results.
Although not a common occurrence, we have the west side of the main-street having direct access to a large on grade car-park and 2 Coles supermarkets at each end (one of these was once a BILO). Basically, access to the Coles supermarkets and the shared on grade parking does affect prices being paid for properties.
Recent Comments