Property Details

  • Contact Agent
  • Retail
  • 375 sqm
  • 386 sqm

Agent Details

Reece Israel

Sales & Leasing Executive

T 0433 572 343

M 0433 572 343

Email Agent

Matthew Feld

Director | Auctioneer

T 0415 803 348

M 0415 803 348

Email Agent

223 Beach Street, Frankston

NATIONAL TENANT INVESTMENT WITH NEW 5 YEAR LEASE
Teska Carson is pleased to present 223 Beach Street, Frankston for sale via Public Auction on Friday 31 May at 11am on-site.

The property is well supported within a vibrant surrounding retail strip boasting zero vacancies and anchor tenants such as IGA, Bakers Delight and U Pharmacy.

The key highlights of the opportunity include:

- Income of $65,566 p.a. plus GST and Outgoings

- Brand new 10 year (5 x 5) lease commencing 1 July 2024

- Rent reviews: Annual CPI and market at option 

- Rectangular 386m2* landholding zoned Commercial 1 boasting 9.7 metre* frontage and rear access

- Building area of 375m2*

-Potential for further development (STCA)

- In close proximity to Frankston Power Centre featuring Adairs, Anaconda, Freedom and many more national tenants

- Immediate access to Frankston CBD and Frankston Train Station (2 km*), Eastlink Freeway (800 m*), and several nearby bus routes plus large selection of lifestyle amenity including Frankston Beach, Peninsula Kingswood Country Golf Club and Peninsula Aquatic Recreation Centre.

For further information or to arrange an inspection, please call.

*approx.