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45 Foot Street
Frankston VIC 3199
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Sold on 14 Dec 2023

45 Foot Street Frankston VIC 3199

  • Shop & Retail
  • 180 m²
  • Sold

Fantastic Foot Street Freehold Investment

    It's taken 25 years for this terrific freehold to come on to the market. Now is your opportunity to secure it for your future.

    Foot Street's group of shops are known as one of the best and busiest local neighborhood strip groups in the City of Frankston. With a strong and diverse mix of businesses including cafes, fruiterer, bakery, pharmacy, news/lotto agency, takeaways and more, this property is in the center of them all.

    45 Foot Street houses Foot Street Cellars and Supermarket. In September this year, the business operator entered in to a new five year lease, with further five year options. Now that tenant confidence will give comfort to anyone considering investing in the property.

    It's many attributes include:

    * Rent of $65,000 per annum net
    * Annual rent reviews
    * Brand new 5 year lease from 15 September 2023
    * Two further 5 year lease options
    * Sizeable security deposit paid
    * Commercial 1 Zone
    * Building area: 180sqm*
    * Land area: 187sqm*
    * Angle parking on Foot Street directly in front
    * Rear access from lane

    Terms: 10% deposit, balance 30/60/90 days
    Inspections: By appointment only

    For further information or to arrange an inspection, please contact the listing agents.

    PLEASE NOTE:

    * All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.

    Nichols Crowder - Carrum Downs
    Nichols Crowder - Carrum Downs
    1 Colemans Road
    Carrum Downs, VIC 3201

    Property Highlights

    Date Sold14 Dec 2023
    Floor Area180 m²
    Land Area187 m²
    ParkingAsk Agent
    Property ID2018847522
    Category
    Last updated  14 Dec 2023
    Map for 45 Foot Street Frankston VIC 3199
    Nichols Crowder - Carrum Downs
    Nichols Crowder - Carrum Downs
    1 Colemans Road
    Carrum Downs, VIC 3201

    Property Highlights

    Date Sold14 Dec 2023
    Floor Area180 m²
    Land Area187 m²
    ParkingAsk Agent
    Property ID2018847522
    Category
    Last updated  14 Dec 2023

    Co-Agents

    Linda Ellis
    Nichols Crowder - Carrum Downs
    Call
    0400 480 397
    Jamie Stuart
    Nichols Crowder - Carrum Downs
    Call
    0412 565 562

    More about 45 Foot Street Frankston VIC 3199

    45 Foot Street Frankston VIC 3199 is categorized as Shop & Retail Property. It has a floor area of 180 m² and a land area of 187 m². The listing ID for this property is 2018847522.

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