Prime Highway Investment
Sold - 286 Frankston-Flinders Road, Frankston South
Investment opportunity, Retail
Sale Details
Sold on 17 Mar 2014 for $2,550,000
| Building Area | 300m² |
|---|---|
| Rate | $8,500 per m² |
| Yield: | 7.42% |
| Land Area | 973m² |
|---|---|
| Rate | $2,621 per m² |
Overview
| Sale History ID: | 21971 |
|---|---|
| Property ID: | 9210 |
| Advertised Price: | $2,550,000 |
|---|
Description
CVA Property Consultants are pleased to offer you the opportunity to secure a prime highway investment leased to Hungry Jack’s restaurant and drive-thru.
The property is leased on a term of five (5) + five (5) + five (5) + five (5) years commencing 26th February 2012 and returns $189,370.65 per annum as of 26th February 2014.
The location forms part of a convenience precinct comprising United Petroleum, KFC restaurant and drive-thru, Subway, Thirsty Camel/Tattersalls and Chemist Warehouse, just to name a few.
Features include frontages to both Frankston-Flinders Road and Moorooduc Highway, in addition to a strategic location at the ‘gateway’ to the popular tourist destinations of Mornington Peninsula and Western Port.
This is a fantastic opportunity that is not to be missed, enquire today.
Additional Info
| Features |
|---|
| Tenancy | OSHJ Pty Ltd t/a Hungry Jack's |
|---|---|
| Lease Term | Five (5) + five (5) + five (5) + five (5) years |
| Commenced | 26th February 2012 |
| Rent Review | Fixed annual increases of 3%, market review at options |
| Bond/Guarantees | Director's guarantees |
| Outgoings Payable | Outgoings payable by tenant excluding Owners Corporation fees and State Land Tax |
| Car Spaces | Ample onsite |
| Zoning | Mixed Use Zone (MUZ) |
| Outgoings |
|---|
Agent Details
Ian Angelico
M | 0418 336 088
T | (03) 9623 2578
E | [email protected]