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1 & 3/38 Wells Street Frankston VIC 3199

  • Shop & Retail
  • 363 m²
  • For Sale, Contact Agent

Simply the Best

    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 on-site

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

    Linda Ellis - 0400 480 397

    PLEASE NOTE:

    * Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

    * All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited

    Property Highlights

    Property ID2015717557
    Floor Area363 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  12 Jan 2021
    Map for 1 & 3/38 Wells Street Frankston VIC 3199
    Map for 1 & 3/38 Wells Street Frankston VIC 31991 & 3/38 Wells Street Frankston VIC 3199
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2015717557
    Floor Area363 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  12 Jan 2021
    Nichols Crowder - Carrum Downs
    Level 1, 1 Colemans Road Carrum Downs VIC 3201

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