27-31 New Street, Frankston

Sold

Thursday, 11th June 2020

5 Warehouses on 1 Title

Prominently positioned on New Street in the heart of Frankston’s industrial estate. This fantastic property totals 820sqm* of building area with a total land area of 1,355sqm*.

With a recent zone change to Commercial 2 this property provides enormous future development opportunities (STCA).

3 out of the 5 Warehouses currently tenanted with a return of $46,637.76 p.a.* + GST + outgoings plus an additional $15,000 p.a. + GST + Outgoings estimated when fully leased.

Get in quick as this is the first time this property has come onto the market for sale in over 30 years!

Tenancy Schedule:

Unit 1
Size: 215sqm*
Rental return: $16,200 p.a.* + GST + outgoings

Unit 2
Size: 263sqm *
Rental Return: $18,077.76 p.a.* + GST + outgoings

Unit 3 & 4
Total Size: 183sqm*
Vacant
Estimated rental return: $15,000 p.a.* + GST + outgoings

Unit 5
Size: 160sqm*
Rental Return: $12,360 p.a.* + GST + outgoings

For further information, a copy of the Vendor statement or to arrange an inspection, please contact:

James Dodge – 0488 586 896

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.

*Denotes Approx.

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We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Dandenong to Carrum Downs and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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