Sold
INVESTMENT WITH NEW 5 YEAR LEASE
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74 Young Street, Frankston VIC 3199

Last Asking Price - $900,000

RetailSize: n/a
Block size: 213 m² approx.

Teska Carson is pleased to offer 74 Young Street, Frankston for sale by Public Auction on Thursday 21st March 2024 at 12pm on-site.

Located within the increasingly popular Mornington Peninsula, the property is situated on Young Street, between Nepean Highway and Fletcher Road, just 700 metres from Frankston Beach.

The premises is built to the boundary offering a generous retail component, including amenities and a two-level office/storage area with rear laneway access.

Key investment considerations include:

- Well-presented freehold with flexible layout
- Income of $57,600 per annum + GST + Outgoings
- New five (5) year lease with options
- 5.8* metre frontage to Young Street and rear access via Gallery Lane
- Directly opposite the $87m upgraded Frankston Train Station car park with over 500 new parking spaces
- Next to one of the busiest 7-Eleven stores in Melbourne providing constant foot traffic
- Build area of 174m2
- Land area of 213m2

Please call for further information or to arrange an inspection.



*approx.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Reece Israel to learn more about this property, request an inspection or take an online tour.

Key details

Property type:
Retail
Block Size:
213 *

Other Details

Lot:
1
Plan:
LP20282
Legal description:
1\LP20282
Teska & Carson

Maps and area information

Block information
Block size: 213 (approx)
Legal description: 1\LP20282
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
21 Mar 2024
Sold
Teska & Carson
Listed: 16/02/2024
Block size: 213m²
Transfer type: Full transfer

Frankston suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
37,331
Listing ID: 182303762. This listing has been viewed 0 times. It was first displayed on 16/02/2024 and last updated on 21/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.