News & Insights
Sold at auction for $730,000
August 23, 2019
233 Beach Street, Frankston
Sold at auction
Friday, August 23, 2019
114 bids prove retail investments with quality tenants continue to be popular, as shown with the recent sale of 233 Beach Street.
Leased to a well-established bottle shop, the property was sold at auction for $730,000 on a yield of just 3.0%. The freehold shop of 67sqm on land of 236sqm attracted significant enquiry due to its corner position and development potential (STCA). Linda Ellis of Nichols Crowder marketed the property.