48 A,B & C Heatherhill Road, Frankston, VIC 3199

Retail

Sold $1,350,000

  • Property ID: 415292
  • Floor Area: 234m²
  • Land Area: 631m²
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 234m2 631m2 N/A
1 TITLE, 3 TENANCIES, MULTIPLE REVENUE STREAMS

PRIVATE SALE - INSPECT BY APPOINTMENT ONLY

Centred in the heart of a highly-successful, low-vacancy retail strip, this rare 3-in-1 offering comprises 3 fully-leased shopfronts on one title. With individual tenancies providing flexible options, the property offers multiple revenue sources to ensure a stable return…& a substantial 631sqm* landholding with potential for future development (Subject to Council Approval).
.

- 3 individual shopfronts on one title

- 1 investment with multiple revenue streams

48A Heatherhill Rd., Frankston
Pier 151 Fish & Chips
-
67sqm* plus on-grade rear parking
- current rental $15,296pa plus outgoings


48B Heatherhill Rd., Frankston
Heatherhill Asian Take Away & Delivery
-
67sqm* plus on-grade rear parking
- current rental $17,826pa plus outgoings


48C Heatherhill Rd., Frankston
PharmaSave Heatherhill Road Pharmacy
- 100sqm* plus on-grade rear parking
- current rental $24,517pa plus outgoings


- all with strong presence enhanced by professional signage

- excellent street front angle parking including 2 adjacent Accessible Carspaces

- additional parking in a large rear parking lot
- boutique strip with a diverse business mix & low-vacancy rate
- a walk from Frankston Heights Primary
- 1 km from Monash Uni’s Peninsula Campus

- 3kms from Frankston’s CBD, station & beachfront

- close to the juncture of Peninsula Link Freeway & Frankston-Flinders & Hastings Roads
- at the gateway to the Peninsula, Red Hill & Westernport Bay


Multiply rewards with a 3-in-1 opportunity.
Count on 3 individual income streams for peace-of-mind.
Add a new level & develop value

For further details or to arrange an inspection please do not hesitate to contact our office.

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

Frankston Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2495 --- ---
Offices --- $617 ---
Retail $5459 $276 5.06%
This is the average advertised price, rent and yield for Frankston, VIC 3199*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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