Teska Carson is pleased to present 32 Playne Street for sale by Public Auction on Thursday 12th September at 1pm on site.
Located within the increasingly popular Mornington Peninsula, 32 Playne Street is ideally located in the heart of the Frankston CBD while being only 300 metres from the foreshore.
This prominent corner freehold comprising three tenancies provides an outstanding opportunity to invest, value add, occupy or future develop.
The key attributes of this unique opportunity include:
- Land Area 741m2*
- Multi-tenanted building with a combined area of 856m2*
- Current Rent of $125,000 per annum (two ground floor tenancies vacant)
- Significant potential for rental growth – estimated fully leased income: $215,000 per annum
- Solid building with rooftop parking
- 23 car spaces
- Over 77 metres of street frontage including 45 metres facing Port Phillip Bay
32 Playne Street an outstanding opportunity to acquire a highly sought after freehold providing the opportunity to occupy or invest with significant future development potential in a this booming location.
Please call for further information or to arrange an inspection.
