Fantastic Foot Street Freehold Investment
It’s taken 25 years for this terrific freehold to come on to the market. Now is your opportunity to secure it for your future.
Foot Street’s group of shops are known as one of the best and busiest local neighborhood strip groups in the City of Frankston. With a strong and diverse mix of businesses including cafes, fruiterer, bakery, pharmacy, news/lotto agency, takeaways and more, this property is in the center of them all.
45 Foot Street houses Foot Street Cellars and Supermarket. In September this year, the business operator entered in to a new five year lease, with further five year options. Now that tenant confidence will give comfort to anyone considering investing in the property.
It’s many attributes include:
* Rent of $65,000 per annum net
* Annual rent reviews
* Brand new 5 year lease from 15 September 2023
* Two further 5 year lease options
* Sizeable security deposit paid
* Commercial 1 Zone
* Building area: 180sqm*
* Land area: 187sqm*
* Angle parking on Foot Street directly in front
* Rear access from lane
Terms: 10% deposit, balance 30/60/90 days
Inspections: By appointment only
For further information or to arrange an inspection, please contact the listing agents.
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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