SOLD - 342-344 Nepean Hwy, Frankston

SOLD – 342-344 Nepean Hwy, Frankston

March 11, 2021

GREAT TENANT, GREAT FUTURE

342 – 344 Nepean Hwy, Frankston – SOLD $1.63 million under the hammer

Spirited bidding for a unique and securely tenanted property at 342-344 Nepean Highway saw it sell at auction for more than $1.63 million. Leased to a well-established physiotherapy and sports medicine practice for around $61,800 net per annum, this represents a yield of 3.8%. In front of almost 40 people, five bidders made a combined 29 bids to push the selling price well above the reserve. 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.

Track Record