3a Olsen Street Frankston VIC 3199

A versatile street-front opportunity in the heart of the Frankston shopping hub, this retail/commercial space is the ideal entry-level investment. For those seeking a portfolio starter or owner-occupiers looking to gain a foothold in a burgeoning local precinct, it offers excellent prospects for the future via the scope to add value and its convenient proximity to Bayside Shopping Centre, transport links and Frankston Beach. Within a small strata-titled set of seven and securely leased to an aquarium until March 2024, it is surrounded by local businesses, cuisine outlets and public parking options. On the corner of Beach Lane, air rights availability above all seven lots (subject to owners corp. approval) further enhances the appeal for a range of possibilities including bay/city views and development potential (STCA).

- Total site area 270 sq m (approximately)
- Currently leased until March 31st 2024
- Returns $32,240 p/a plus GST & outgoings
- Substantial storage/prep area at the rear
- One Additional Car space at rear leased and paid till 30th June 2118 (99 year lease)
- Easy access to Nepean Hwy and the freeway