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5 Warehouses on 1 Title

27-31 New Street, FRANKSTON VIC, 3199

Sold

Property Sold in 27-31 New Street, FRANKSTON VIC, 3199

Nichols Crowder (Carrum Downs)

Level 1, 1 Colemans Road, Carrum Downs, VIC 3201

Listing ID:
11381947
Status:
Sold
Price:
$950,000 - $1,045,000
Last Updated:
12/06/2020
Icon building

Property Type

Industrial/Warehouse
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Land Area

1355 SQM
Icon size

Floor Area

820 - 820 SQM
Icon parking

Parking

N/A

5 Warehouses on 1 Title

Prominently positioned on New Street in the heart of Frankston's industrial estate. This fantastic property totals 820sqm* of building area with a total land area of 1,355sqm*.

With a recent zone change to Commercial 2 this property provides enormous future development opportunities (STCA).

3 out of the 5 Warehouses currently tenanted with a return of $46,637.76 p.a.* + GST + outgoings plus an additional $15,000 p.a. + GST + Outgoings estimated when fully leased.

Get in quick as this is the first time this property has come onto the market for sale in over 30 years!

Tenancy Schedule:

Unit 1
Size: 215sqm*
Rental return: $16,200 p.a.* + GST + outgoings

Unit 2
Size: 263sqm *
Rental Return: $18,077.76 p.a.* + GST + outgoings

Unit 3 & 4
Total Size: 183sqm*
Vacant
Estimated rental return: $15,000 p.a.* + GST + outgoings

Unit 5
Size: 160sqm*
Rental Return: $12,360 p.a.* + GST + outgoings

For further information, a copy of the Vendor statement or to arrange an inspection, please contact:

James Dodge – 0488 586 896

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.

*Denotes Approx.

For more details, please email agent

Nichols Crowder (Carrum Downs)

Level 1, 1 Colemans Road, Carrum Downs, VIC 3201


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