27-31 New Street, Frankston


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*
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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