Irreplaceable Frankston Retail Investment

16 shannon street mall, frankston vic

Price on Request

  • Secure 8 Year Lease To 2026
  • Annual 4% Rent Increases
  • Tenant Pays All Usual Outgoings

Property Details

8 year lease to 2026 plus options
Fixed 4% rent increases and market review
Innovative food retailer at doorstep of Bayside SC
Securely leased with director’s guarantee & 6 month security deposit
Leased to experienced hospitality operator with hugely popular, second upmarket restaurant on Frankston Foreshore (Geonbae)
Significant capital intensive refurbishment by tenant including kitchen upgrade
Irreplaceable retail position capturing significant pedestrian flow via thoroughfare between Wells St precinct, Bayside Entertainment Complex (Hoyts, Strike Bowling) & Bayside Shopping Centre – ALDI, Coles, K-Mart, Myer, Target, Woolworths – 241 tenants & 3,452 car spaces
Net lease, tenant pays all usual outgoings as per the lease
No shopping centre fee’s applicable
Single tenant, minimum management investment
Frankston: Gateway to Mornington Peninsula 45km south of Melbourne CBD – 80.60% median house price growth in the last 5 years (Source: realestate.com.au)
Rent: $65,738 pa

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 54 sqm
Land Size 54 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002582

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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