50-52 Wells Street Frankston VIC 3199

The property comprises a prominent Retail Freehold with a combined dual frontage of just under 14 metres to what can only be regarded as the prime central retail heart of Frankston.

Secure lease and options through to August 2027
Prime central position in the heart of Frankston activities area
Includes additional retail premises with frontage to Shannon Mall
Two separate retail premises with majority of income secured by lease to Westpac
Lease provides for fixed percentage increases in rental
Westpac pays all outgoings including Land Tax
Land area 465m2 approx. + building area 736m2 approx.
Zoning "Commercial 1"
Total Rental $338,973 pa + outgoings and GST with annual growth
Terms 10% deposit, balance sixty days
Auction Friday, 25 October at 1:00 pm on site.