52 Young Street, Frankston

Sold

Tuesday, 14th June 2022

Flexible Investment Freehold with Two Street Frontages

Nichols Crowder are delighted to bring to market 52 Young Street, Frankston.

Opportunities like this don’t become available very often with this property being held by the same family for over 30 years.

Located on the corner of Young and Balmoral Street, with Frankston Station opposite and Bayside Shopping Centre behind.

Featuring four ground floor shops and four first floor refurbished offices, the opportunities are endless as the property is being sold vacant possession.

A perfect central commercial building for investors and/or owner occupiers.

Key features include:

* Total building area: 313sqm* (over two levels)
* First floor area: 139sqm*
* Ground floor area: 174sqm*
* Total land area: 200sqm*
* Four (4) ground floor shops (one previously a Café)
* Recently refurbished four (4) separately partitioned first floor offices
* 6.4m frontage to Young Street
* 31m frontage to Balmoral Street
* Commercial zone 1
* Being sold vacant possession
* Estimated potential rental income $74,000 p.a. + GST + outgoings
* Council preliminary building height range 10-16 storey (STCA)
* Council are encouraging high density housing in Frankston’s CAD
* Near the soon to be built 500 space multi-deck commuter carpark

Terms: 10% Deposit, Balance 30/60/90 Days

For further information or to arrange an inspection, please contact:

James Dodge 0488 586 896
Linda Ellis 0400 480 397

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

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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, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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