2/30 & 30A Foot Street, Frankston

Sold

Tuesday, 12th September 2023

Frankston's Finest Freeholds

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 7TH SEPTEMBER AT 2PM

Your Choice, Buy One or Both

The fabulous Foot Street shops are known as one of the best local neighborhood shopping strips, with a strong tenancy mix of cafes, bakery, fruiterer, newsagent, liquor/grocery store, and more.

These two shops are directly opposite the group, and have extremely prominent appeal, being on the corner of Foot Street and Oxford Street.

With two shops on two titles including the large common car parking area, this property is truly appealing.

You can choose – Buy both as a whole, or buy either shop separately.

Lot 1 (known as 30A Foot Street)

*Tenanted
* Building area: 105sqm*
* Long established business of Nepean Hearing
* Rental $33,120 per annum (increasing to $34,279 p.a. in Sept)
* Tenant pays all outgoings (except Land Tax)
* Current 3 year lease with further option
* Annual rent increases for all years

Lot 2 (known as 30 Foot Street)

* Vacant
* Building area: 106sqm*
* Very prominent shop/office, which is extremely well presented.
* Will lease well, or alternatively would suit an owner/occupier.

Key features include:

* Commercial 1 Zone
* Total land area: 746sqm*
* Lot 1 land area: 136sqm*
* Lot 2 land area: 107sqm*
* Common car park area: 453sqm*
* Car park accommodates 13
* Instant income of $34,279 per annum (Lot 1)
* Estimated projected income as a whole of $70,000 per annum
* A unique opportunity to invest and/or occupy Lot 2

For further information or to arrange an inspection, please contact:

Linda Ellis
Jamie Stuart

PLEASE NOTE:

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

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