Simply the Best

1 & 3/38 Wells Street,Frankston VIC 3199

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RetailSize: n/a
For Sale - Lots 1 & 3 (Combined)
Perfect for Investors and Owner Occupier / Investors.

These 2 adjoining lots are being offered to the market for private sale.

Wonderfully positioned in arguably Frankston's busiest shopping street, and directly opposite Hoyts Cinemas; it's neighbouring food retailers, and large car park. Other quality neighbours include ANZ Bank, Discount Chemist Warehouse, My Style, KX Pilates and many others.

Total land area of approximately 405sqm*

LOT 1
Front facing Wells Street
Land area: 230sqm*
Shop area: 258sqm*

Currently vacant. Perfect to lease out or occupy.
This part of the whole property has impressive features which include:

* Substantially wide frontage
* Fabulous fitout
* Shop is on one level (and occupies part of Lot 3)
* Own dedicated facilities
* Air conditioned
* Parking on site
* Very well maintained
* Situated front and centre in Wells Street

LOT 3
Facing Stiebel Place
Land area: 175sqm*
Shop area: 105sqm*

Tenanted shop on secure lease.

Tenant trades as Alley Barber - a very long established and successful business in an eclectic setting.

The tenancy occupies part of Lot 3. Features of this tenanted investment are:

* Current 3 year lease with options.
* A demolition clause is contained in the lease.
* Net rental return of $35,560 p.a.
* Annual rent reviews.
* Own dedicated facilities.
* Parking onsite

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

Linda Ellis - 0400 480 397

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.

*Denotes Approx.

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Retail
Stamp Duty:$82,370
Nichols Crowder Property Carrum Downs

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Frankston Suburb Information

 
 
Average Age
40 years
Population
35,009
Frankston Profile
Frankston Occupancy

Contact agents

Nichols Crowder Property Carrum Downs

Nichols Crowder Property Carrum Downs

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Linda EllisNichols Crowder Property Carrum Downs
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This listing has been viewed 0 times. It was first displayed on 05/10/19 and last updated on 08/11/19.