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24 Overton Road & 35 New Street, FRANKSTON VIC, 3199

For Sale

Property for Sale in 24 Overton Road & 35 New Street, FRANKSTON VIC, 3199

Gorman Commercial Real Estate

415 Riversdale Rd, Hawthorn East, VIC 3123

Listing ID:
11387030
Status:
Active
For:
Sale
Last Updated:
23/07/2020
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Property Type

Retail/Showrooms/Bulky Goods
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Land Area

N/A
Icon size

Floor Area

1950 SQM
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Parking

N/A

SECURE INVESTMENT WITH SIGNIFICANT LAND COMPONENT

Gorman Commercial is pleased to present 24 Overton Road & 35 New Street, Frankston for private sale.

On offer is a securely leased investment to HFH Auto Group trading as "Frankston Toyota" with significant land component ensuring future development potential within a highly sought after location.

Key attributes include:

* Leased to HFH Auto Group T/as "Frankston Toyota"
* Building area: 1,950 sqm approx.
* Land area: 5,247 sqm approx. (over two titles)
* Lease term: Three (3) + three (3) years (comm. March 2020)
* Income: $305,280 p.a. net
* Use: Pre-delivery, parts and accessories centre
* Positioned in the heart of Mornington Peninsula’s car precinct

A versatile investment with outstanding building with land and two street frontages. Convenient access to the Frankston Freeway, Frankston-Dandenong Road and the Nepean Highway.

For further information, please contact:

Jonathon McCormack
+61 418 835 885

Andrew Prowse
+61 418 534 076

For more details, please email agent

Gorman Commercial Real Estate

415 Riversdale Rd, Hawthorn East, VIC 3123

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