New 5 Year Lease to 2027 | Attention $750k Buyers
1/16 Clyde Street Mall, Frankston VIC
Property Highlights
Description
+ 5 year lease to 2027 to experienced hospitality operator, plus two further 5 year options to 2037.
+ Laughing Lark Café: locally owned and licensed café, with an extensive menu with fresh ingredients and open 6 days a week.
+ Attractive 3.5% fixed annual rent increases, ensuring future rental growth
+ Immaculate and brand new tenant fit-out
+ Modern 135sqm* corner premises in the heart of Frankston’s commercial trade catchment.
+ Tenant pays all usual outgoings as per the lease.
+ Important 3 month bank guarantee
+ Single tenanted investment, requiring minimum management.
+ Positioned directly opposite the Vicinity-owned Bayside Centre, a triple supermarket and DDS shopping centre anchored by Coles, Woolworths, ALDI, Kmart and Target, complemented by over 145 specialty stores – services 12.2 million visitors annually.
+ Strategically positioned within 100* metres of the Frankston train station.
+ Frankston: a major commercial, retail, education and transport hub servicing Southern suburbs and the Mornington Peninsula.
+ Net Income: $46,575 pa + GST
Property Details