221 Beach Street Frankston VIC 3199

It is rare to have the opportunity to buy a commercial freehold with Not Quite Right (NQR) as your tenant. NQR have traded from 221 Beach Street for over 12 years. They are exceptional, reliable tenants.

NB: NQR occupy two adjoining shops. 221 Beach Street is the shop on the left hand side. We are auctioning that left hand freehold on behalf of our clients.

This popular group of shops is situated at the 'top' of Beach Street.
Vacant shops are a rarity here.

Key features include:

* Long time secure tenant t/as NQR
* Existing 5 year lease with a 5 year option term
* Returning $23,905.20 p.a.
* Annual rent reviews to CPI, and market review at option
* Freehold title (no owners corporation)
* Land area: 192sqm*
* Building area: 65sqm*
* Commercial 1 zone
* No GST payable on purchase
* Offering the opportunity to extend the shop and/or add a second level (STCA)

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

Linda Ellis 0400 480 397
Thomas Gordon 0456 353 432

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.