1 & 3/38 Wells Street Frankston VIC 3199

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