Entry-Level Commercial Freehold with Huge Potential
Nichols Crowder is delighted to present 22 Fairway Street, Frankston, to the market.
Located on the outskirts of Frankston with convenient access from Dandenong Road West, this property enjoys excellent connectivity to key destinations:
* Kananook Station – 2.5km*
* Frankston CAD – 2.1km*
* Frankston Freeway – 1km*
* Peninsula Link/Eastlink on-ramp – 4km*
This rare offering comprises a 51sqm shop* situated on 101sqm of Commercial 1 zoned land*. With front and rear access from both Fairway Street and Orwil Lane, there is genuine scope to redevelop the site and potentially add residential apartments above (STCA).
Currently leased on a month-to-month basis, the property returns $13,238.88 per annum + GST + Outgoings. Being sold as a Going Concern, no GST is payable on the sale price. The tenant can remain or vacate with 90 days notice.
Key features:
* Total building area: 51sqm*
* Total land area: 170sqm*
* Dual access – front & rear
* Future development potential (STCA)
* Month-to-month lease in place
* Returning $13,238.88 PA + GST + Outgoings
* Zoned Commercial 1
For further information or to arrange an inspection, please contact the listing agent.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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