66-70 Wells Street Frankston VIC 3199

Burgess Rawson in conjunction with Vinci Carbone are pleased to offer to the market 66-70 Wells Street & 6-8 Keys Street, Frankston VIC for sale via Investment Portfolio Auction 156.

The property has the following investment highlights:

+Prized 805sqm* building in the heart of Frankston's booming commercial centre.
+Highly-sought-after 765sqm* C1Z land with endless upside potential adjoining 6-level building precedent (STCA)
+Secure 7, 5, 3 year leases to leading national tenants
+100% leased investment including Gami Chicken and Beer (40 locations) and Bank of Queensland, a top 100 ASX company with a market cap of $4.52bn.**
+Investor preferred net lease terms with tenants paying all usual outgoings.
+Favourable rent reviews throughout the complex - ensuring rental growth.
+Strategically situated within the heart of Frankston's CBD amongst national tenants including Australia Post, Chemist Warehouse, 7-Eleven, Grill'd, Betty's Burgers and Nando's.
+Ideally located opposite to Bayside Shopping Centre, a dual-anchored complex with 250 specialty stores which attract 10.2 million customer visits annually.***
+Frankston: major commercial, retail, education and transport hub servicing Southern suburbs and the Mornington Peninsula.
+Estimated Net Income: $215,218 pa* plus GST.

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 26 October 2022
Crown Casino, Melbourne VIC

*approx.
**D&B
***Vicinity

For further information, please contact the exclusive agents below:

Burgess Rawson Melbourne
Shaun Venables 0411 860 865
Beau Coulter 0413 839 898
Matthew Wright 0450 290 588
Zomart He 0488 220 830

Vinci Carbone
Frank Vinci 0418 375 375
Zach Molinaro 0488 300 575