Located in Frankston's bustling retail precinct, this property offers an incredible opportunity to invest in a growing market with a great yield. Frankston CBD is thriving and known for its vibrant community and dynamic business environment. This prime location ensures high foot traffic and excellent visibility, making it the perfect spot to establish or expand your enterprise.
Leased to an experienced hospitality operator with the current term expiring in August 2027 with two (2) further terms of five (5) years potentially taking you through to 2037.
- Leased for $48,205.08 pa + GST & Outgoings.
- 3.5% fixed annual rent increases.
- 3 month bank guarantee for added security.
- A Grade fitout recently completed.
- Modern corner premises in the heart of Frankston's commercial trade catchment.
- Tenant pays all the outgoings.
- Located directly opposite a Major retail Centre, packed full of national tenancies such as Coles, Woolworths, ALDI, Kmart and Target and complemented by over 145 specialty stores that combined service over 12 million visitors annually.
- High foot traffic and exposure being Located within 100 metres of the Frankston train station.
For further information or to organize an inspection please call Chris Coster on 0410 742 704 or Stirling Findlay on 0481 848 240
JJ Industrial Real Estate – Tsimos commercial
03 9585 1599
Suite 9 / 653 Mountain Hwy, Bayswater VIC 3153