Auction: 04/05/2018 1:00 PM

50-52 Wells Street & 1a Shannon Mall
FRANKSTON, VIC 3199

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Property Description

Flagship Frankston Freehold Investment

Fitzroys is pleased to present this prized investment freehold in the heart of Frankston CBD for sale by public auction Friday 4th May at 1pm onsite.

  • Leased to longstanding tenant Westpac Bank
  • Current Income $313,581 plus outgoings
  • Total projected income of $350,000 per annum net (fully leased)
  • Site area of 465sqm with dual frontages to Wells Street and Shannon Mall
  • Total building area of 756sqm with an expansive 10m frontage to Wells Street offering great exposure
  • Situated amongst major banks , Australia Post adjacent to Bayside Shopping Centre and opposite Bayside Entertainment Cinema Complex
  • The Frankston CBD is a major commercial hub easily accessed by major arterial roads including Nepean Highway, Frankston Freeway, East Link.
  • Close to Frankston station, which is undergoing major redevelopment. Major commercial office tenants nearby including Anglicare, South East Water, Centrelink and Department of Human resources
  • Irreplaceable opportunity to acquire this impressive freehold investment perfectly located in the prime of Frankston’s retail and commercial heart
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Consultant

David Bourke

M: 0407 705 755
E: bourked@fitzroys.com.au

Mark Talbot

M: 0409 222 411
E: talbotm@fitzroys.com.au

Terence Yeh 葉子厚

M: 0452 475 627
E: yeht@fitzroys.com.au

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Property Information

Property ID
115826

Price
Contact Agent

Building
756.00m2

Land
465.00m2

DocumentType
Brochure Pdf