445 Cranbourne-Frankston Road Langwarrin VIC 3910

Shop & Retail
125 m²
Sold

OUTSTANDING FREEHOLD OPPORTUNITY - TIER 1 TENANT 5.83% YIELD

Offered for the first time since 1976 this exciting freehold opportunity is ideal for the astute investor that appreciates the value of a secure tier 1 tenant along with being ideally located in the fast growing south eastern Melbourne corridor.

Key property information

- Income of $136,992 pa. +GST
- Two further terms of 5 years out to 2035 with rent reviews
- Leased since 2010 to United Petroleum one of Australia's largest independent fuel retailers with 465 sites across Australia
- Tenant pays all outgoings
- Land area 2,456m2 - Floor area 125m2
- Brilliant exposure on main arterial between Bayside & the City of Casey
- Extensive fixtures and fittings incl: 3 x underground 45kL Fibreglass tanks, 2 x underground 40kL fibreglass tanks, Underground lines, Building and Canopy, Air-conditioning Systems & Compressors.

For Sale

Terms
Deposit - 10%
Settlement 60-90 days

Contact Harcourts Mornington for further information
Jeremy Slade 0407 689 024
Cameron Miller-Randle 0448 811 021