620 Frankston-Dandenong Road Carrum Downs VIC 3201

SOLD PRIOR TO AUCTION

Purpose built funeral parlor securely leased to Bethel Funerals (Word Investments Limited). New 10 year lease with 2 x 5 year options from the 20/6/2014 plus GST plus outgoings.

Rent reviews are fixed. Year 3 $150,000p.a. Year 4 $160,000p.a and thereafter 3.5% p.a.

The tenants have paid a 12 month rental bank guarantee.

The total area is approximately 5,690m2 which provides scope for future development opportunity, i.e. restaurant, medical centre, veterinary clinic, childcare centre etc. (STCA).

Prime Frankston Dandenong Road location with 3 street frontages.

Terms of sale: 10% deposit, Balance 60 days

NICHOLS CROWDER
Michael Crowder 0408 358 926

CAMERON INDUSTRIAL COMMERCIAL
Peter Blake 0419 308 080