SOLD - 24 Beach Street, Frankston

SOLD – 24 Beach Street, Frankston

March 11, 2021

STRATEGIC RETAIL INVESTMENT

24 Beach Street, Frankston – SOLD $1.85 million under the hammer

Demand for retail shops remains popular across Melbourne’s south east, as seen with the sale at auction of 24 Beach Street for $1.85 million, on a yield of 4.8%. Adjacent to Bayside Shopping Centre, the building of around 424sqm was set on land of approximately 497sqm. With Aussie Disposals occupying the property for many years, enquiry was very strong. Linda Ellis and Michael Crowder of Nichols Crowder marketed and sold the property.

Linda Ellis

Put your property with the Leaders of the South East

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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