Rare, Affordable Metropolitan Service Station Investment
38 Frankston-Flinders Road, Frankston VIC
Property Highlights
Description
+ 10 year net lease to July 2026 plus 10 year options to 2046
+ Tenant pays usual outgoings as per the lease
+ Fixed annual 2.25% rent increases assuring rental growth
+ Triple frontage (80+ metres) highway site with 24,000+ vehicles passing daily
+ Proven retail fuel and convenience location with modern improvements
+ Blue-Chip land holding adjoining Frankston Private Hospital and opposite Monash University Peninsula Campus – 3,500+ students
+ Gateway to Frankston CBD, Health, Education and Large Format Retail Precincts
+ NVA Petroleum: 29 sites across VIC, NSW, SA and growing
+ Frankston: Major Activity Centre for the Mornington Peninsula – 40km south of the Melbourne CBD
+ Single tenant, minimum management investment
+ Rent: $119,245 pa + GST
For Sale by Expressions of Interest
Closing 5 August 2020 at 4.00pm AEST
Property Details