Securely Tenanted Nepean Highway Freehold
PRICE REDUCED
This fantastic prominent tenanted freehold is now available for private sale. Thousands of vehicles pass daily. The shop is located between the intersections of Playne Street and Davey Street in Frankston’s CBD.
Melbourne Nepean Lawyers are an exceptional and reliable tenant which has been located here since mid 2020.
Frankston Council have a wonderful and exciting plan for Nepean Highway Frankston, which they call “Nepean Boulevard Vision”. There are in the process of developing a long term plan for the transformation of Nepean Highway into a safe, attractive and vibrant Boulevard. 487 Nepean Highway will definitely benefit from their vision. For more information, please look up “Nepean Boulevard Vision” – it’s very impressive.
The building has been recently updated with new flooring, and just a few years ago, a new roof was installed.
For investors, this property is well worth your consideration.
Highlights of this wonderful investment property are:
* Rental income of $30,000pa
* Rent reviews to CPI
* Tenant pays outgoings
* Secure Lease
* Land area: 180sqm*
* Building area: 180sqm*
* Freehold title (no Owners Corp.)
* Partitioned offices plus large rear garage/storage area
* Rear access from Plaza Lane
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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