239 Beach Street Frankston VIC 3199

For Sale by Expressions of Interest closing Monday the 23rd of August at 11am.

Held by our vendors for many years, this fabulous retail shop is now being offered to the investor market.

Added to that, the tenant has traded from this shop for around 20 years. Now, that's impressive!

This group of shops at the "top" of Beach Street, rarely has a vacancy, so the shops are tightly held by the lucky owners. This one is in the heart of the group, and is next to the busy Australia Post.

The property is offering savvy investors potential.

Key features include:

* Tenant trades as Peninsula Appliance Parts
* Secure 3 year lease which commenced 1st May 2021
* Returning $28,139.80 p.a. net
* Annual rent reviews
* The tenant pays all commercial outgoings
* Total building area: 137sqm*
* Land area: 225sqm*
* Freehold title (no Owners Corp)
* And, no GST payable by the purchaser

Our clients are not testing the market, they are intending to sell.

Terms: 10% deposit, balance 30/60/90 days.

For further information or to arrange an inspection, please contact:

Linda Ellis 0400 480 397

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.