Auto groups drive Ferry Rd leases

Ferry Road's magic mile may have lost some of its gloss after the closure of several major car dealers in the past year but according to a leading agent motor businesses are still keen to break into the strip.

Tony Grbcic of Just Realty said sites such as the former Lockhart Motors service centre at 42 Ferry Rd were attracting plenty of interest from businesses linked to the automotive industry.

The 1653sq m site is occupied by 720sq m tilt-slab industrial warehouse building. Space in the building is being offered in an expressions of interest campaign. Mr Grbcic said the building could be split to accommodate two tenants and could also be used as an industrial showroom.

"Since Lockhart Motors collapsed this year we have had steady leasing inquiries from motor businesses ranging from detailers and hire groups to tyre companies,'' he said. "We've also had inquiry from other sources such as a commercial kitchen warehouse and a camping outlet.''

In the past couple of years major dealerships such as M&S Motorsports, Lockhart and Renault dealer Cartwright Motor Group have collapsed, however Mr Grbcic said motor groups were still attracted to the area. "It's just a matter of affordability for many and as landlords adjust to the market you'll see space being taken up again,'' he said.

"You're not looking at major dealership looking to get into the area but the affordable car market is keen on getting into the area. "Added to that you have the caravan and trailer market which is also providing plenty of inquiry for suitable sites in the strip.''