Victorian State Government Facility – Recent $2M Govt Funded Upgrade
34 Dandenong Road West , Frankston VIC
Property Highlights
Description
+Securely leased to July 2024 plus option to 2029.
+Victoria Legal Aid: State and Federal Government funded agency providing free legal advice to 74,700* Victorians annually.
+Investor preferred net lease terms with Victorian State Government paying all usual outgoings.
+Fixed 3% annual rent increases assuring growth.
+Well presented purpose built facility having undergone recent $2 million Government funded upgrade.
+20 secure undercroft car spaces with direct building access.
+Irreplaceable 623sqm Commercial 2 Zone (C2Z) zoned freehold site with dual street frontage.
+Strategically positioned in key legal precinct neighbouring Frankston Magistrates Court and Frankston Police Station.
+Frankston: major commercial, retail, education, and transport hub servicing southern metro suburbs and the Mornington Peninsula.
+Net Income: $171,558pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino – River Room
Burgess Rawson Agents
Shaun Venables 0411 860 865
Matthew Wright 0458 290 588
Zomart He 0488 220 830
Beau Coulter 0413 839 898
Commercial Property Services Pty Ltd Agent
Diana Ward 0418329438
Property Details