July 30, 2019

Extraordinary Retail Investment

AUCTION
THURSDAY 8 AUGUST AT 12 NOON ON SITE

11 Thompson Street, Frankston

Being offered for the first time in 34 years, and leased to the same business for 30 years, Nichols Crowder is pleased to present 11 Thompson Street, Frankston to the market.  Perfect for an investor to add to their portfolio, the property is to be auctioned on site on Thursday, August 8 at 12 noon.

Set on land of approximately 658sqm, the building of approximately 720sqm includes a large retail showroom, storage space, and first floor area.  The exceptional tenant, which operates as Bounty Shop, signed a new 3 year lease in July 2019 for $126,798 per annum.

The property and surrounding shopping precinct is set to benefit from substantial government investment and improvements in Frankston, explains Linda Ellis, Sales and Leasing Executive.

“Frankston Council, the Victorian government and the Federal government have all recently funded major capital works and infrastructure upgrades in the region,” she says.  “As a result, we expect a lot of investor interest in this property.”

Inspect by appointment. 

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.  All email requests are required to have telephone numbers if to be responded to.