Teska Carson is pleased to offer 80-82 Young Street, Frankston for sale by Public Auction on Thursday 21st September 2023 at 12pm on-site.
Exceptional commercial investment opportunity with the following attributes:
- Land Tax exemption pursuant to Section 74 of the Land Tax Act 2005
- Five (5) year lease to 2027 plus two (2) further five (5) year options to 2037
-Leased to Vinnies with over 650 stores across Australia
- Income of $76,011 per annum + GST + Outgoings
- 9.7* metre double width frontage to Main Street and rear access via Gallery Lane
- Directly opposite the $87m upgraded Frankston Train Station car park with over 500 new parking spaces
Please call for further information or to arrange an inspection.
*Approx.
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.
Frankston has 21,628 properties.
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.