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Irreplaceable Frankston Retail Investment

16 Shannon Street Mall, FRANKSTON VIC, 3199

For Sale

Property for Sale in 16 Shannon Street Mall, FRANKSTON VIC, 3199

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11324598
Status:
Active
For:
Sale
Price:
On Request
Last Updated:
14/01/2019
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Property Type

Retail/Offices/Land/Development
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Land Area

54 SQM
Icon size

Floor Area

54 SQM
Icon parking

Parking

N/A

Irreplaceable Frankston Retail Investment

8 year lease to 2026 plus options
Fixed 4% rent increases and market review
Innovative food retailer at doorstep of Bayside SC
Securely leased with director’s guarantee & 6 month security deposit
Leased to experienced hospitality operator with hugely popular, second upmarket restaurant on Frankston Foreshore (Geonbae)
Significant capital intensive refurbishment by tenant including kitchen upgrade
Irreplaceable retail position capturing significant pedestrian flow via thoroughfare between Wells St precinct, Bayside Entertainment Complex (Hoyts, Strike Bowling) & Bayside Shopping Centre – ALDI, Coles, K-Mart, Myer, Target, Woolworths – 241 tenants & 3,452 car spaces
Net lease, tenant pays all usual outgoings as per the lease
No shopping centre fee’s applicable
Single tenant, minimum management investment
Frankston: Gateway to Mornington Peninsula 45km south of Melbourne CBD – 80.60% median house price growth in the last 5 years (Source: realestate.com.au)
Rent: $65,738 pa

Private Sale

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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