Added 7 days ago
Shop 1/1085 Frankston-Flinders Road,
Somerville, VIC 3912
Shops & Retail
Added 7 days ago
Price information
Sale
$490,000 + GST
Key property information
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Map of Shop 1/1085 Frankston-Flinders Road
Train stations within 5 km of Shop 1/1085 Frankston-Flinders Road, Somerville, VIC 3912 Distance Somerville Station 90 m Baxter Station 3.7 km Tyabb Railway Station 4 km POWERED BY HERE ©Bus stops within 5 km of Shop 1/1085 Frankston-Flinders Road, Somerville, VIC 3912 Distance Somerville Railway Station/1105 Frankston-Flinders Rd (Somerville) 87 m Somerville Plaza Shopping Centre/Eramosa Rd (Somerville) 417 m Clairmont CLEramosa Rd 561 m Graf RdEramosa Rd 673 m Somerville Recreation Reserve/Park Lane (Somerville) 755 m POWERED BY HERE ©
POWERED BY HERE ©
High-yield with Long Standing Tenant
Situated along one of the busiest and most tightly held retail strips in Somerville, 1/1085 Frankston-Flinders Road is being offered to the market with an exceptional tenant in place.
Exposed to over 5,000 vehicles daily and enjoying the benefits of exceptional access, car parking, tenancy mix, neighbouring core services, retail and national tenants such as Aldi and Dorevitch Pathology.
The tenant "We Know Loans" has been operating from the site for over 14-years and has never missed a beat!
Lease Details:
Current Rental: $25,679.92 per annum + GST + outgoings
Term: Two (2) years
Options: One (1) further term of two (2) years
Rent Revies: Reviewed annually via CPI and a market review at option
The lease has favourable rent review mechanisms with the rental PA being adjust annually via CPI and a market review at options offering significant and genuine up-side opportunity via a rent reversion based on the very modest rent being $262p.sm.
Key features include:
* Long standing tenant
* Two (2) year lease term with a option
* Income: $25,679.92 PA + GST + outgoings
* Building area: 98sqm*
* East-facing shop
* Being sold as a "going concern" (no GST payable)
* Genuine up-side via rent reversion
* Plenty of car parking
* Great exposure
* Front & rear access
* Flexible settlement terms
For further information or to arrange an inspection, please contact the listing agent.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Exposed to over 5,000 vehicles daily and enjoying the benefits of exceptional access, car parking, tenancy mix, neighbouring core services, retail and national tenants such as Aldi and Dorevitch Pathology.
The tenant "We Know Loans" has been operating from the site for over 14-years and has never missed a beat!
Lease Details:
Current Rental: $25,679.92 per annum + GST + outgoings
Term: Two (2) years
Options: One (1) further term of two (2) years
Rent Revies: Reviewed annually via CPI and a market review at option
The lease has favourable rent review mechanisms with the rental PA being adjust annually via CPI and a market review at options offering significant and genuine up-side opportunity via a rent reversion based on the very modest rent being $262p.sm.
Key features include:
* Long standing tenant
* Two (2) year lease term with a option
* Income: $25,679.92 PA + GST + outgoings
* Building area: 98sqm*
* East-facing shop
* Being sold as a "going concern" (no GST payable)
* Genuine up-side via rent reversion
* Plenty of car parking
* Great exposure
* Front & rear access
* Flexible settlement terms
For further information or to arrange an inspection, please contact the listing agent.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Property ID: 504719840Last Updated: 25 Oct 2024
Nichols Crowder - Carrum Downs
1 Colemans RdCARRUM DOWNS, VIC 3201
Shop 1/1085 Frankston-Flinders Road
Somerville, VIC 3912
Nichols Crowder - Carrum Downs1 Colemans Rd
CARRUM DOWNS, VIC 3201
CARRUM DOWNS, VIC 3201
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