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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 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.

Property Highlights

Property ID2015717557
Floor Area363 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  6 Jan 2020
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
Nichols Crowder - Carrum Downs
Level 1, 1 Colemans Road Carrum Downs VIC 3201

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