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Burgess Rawson - Melbourne

2994 Frankston-Flinders Road Balnarring, VIC 3926

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2994 Frankston-Flinders Road,
Balnarring, VIC 3926

Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Shops & Retail
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Price information

Sale - Auction Tue 10 Dec

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$79,450
Number of Tenants
1 Tenant
Tenants / Type
Balnarring Motors

Auction

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Burgess Rawson - Melbourne
David Napoleone
Jamie Perlinger

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
2994 Frankston-Flinders Road
Balnarring, VIC 3926

Map of 2994 Frankston-Flinders Road

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  • Bus stops within 5 km of 2994 Frankston-Flinders Road, Balnarring, VIC 3926Distance
    Balnarring Village Shopping Centre/Frankston-Flinders Rd (Balnarring)263 m
    Coolart RdSandy Point Rd1.6 km
    Coolart Wetlands & Homestead/Lord Somers Rd (Somers)2.4 km
    Lindell Ave/Lord Somers Rd (Somers)2.4 km
    Merricks Beach Rd/Frankston-Flinders Rd (Merricks)2.5 km
    POWERED BY HERE ©
POWERED BY HERE ©

50+ Years On-Site Automotive Investment | Court Ordered - Must Be Sold

  • Longstanding Fuel & Mechanic Business
  • Valuable Commercial 2 Zoning
  • Large 981 sqm* Site with ROW
Burgess Rawson are pleased to present to market Balnarring Motors freehold at 2994 Frankston-Flinders Road, Balnarring VIC for sale via Investment Portfolio 173.

This property has the following key investment highlights:

+ New Seven (7) year net lease to 2031.
+ Fixed, compounding 3% annual rent increases.
+ Court ordered sale – the property must be sold.
+ Balnarring Motors: Longstanding automotive business on-site since 1972 including auto electrician, mechanical workshop, pump-service fuel station and retail shop.
+ Prominent 410 sqm* building including retail shop, mechanic workshop with 5 hoists, storage, amenities and drive-through warehouse access.
+ Expansive 981 sqm* landholding with rear ROW and located on service road with ample parking adjacent.
+ Excellent exposure to Frankston-Flinders Road, servicing 42,700* vehicles weekly.****
+ Valuable ‘Commercial 2’ Zoning allowing significant underlying upside and a multitude of future uses STCA.
+ Tenant pays all usual outgoings as per the lease.
+ Two director guarantees in place providing security.
+ 200m* from Balnarring Village Shopping Centre including Ritchies Supa IGA, Zambrero, Cellarbrations, Bendigo Bank, Clinical Labs, Australia Post and many more.
+ Balnarring: Strong holiday destination on the Mornington Peninsula located 63km* from Melbourne CBD with a median house price of $1,320,000.**
+ Mornington Peninsula Shire: Tourism has seen a 55% increase from the previous year with total domestic tourists reaching 8.23 million people.***
+ Estimated Net Income: $79,450 pa* + GST.

To be sold by Investment Portfolio Auction 173
10:30AM AEDT Wednesday 11 December 2024
River Room, Crown Casino, Melbourne

* Approx
** Realestate.com.au
*** Mornington Peninsula Shire
**** Gapmaps

Property ID: 504732416Last Updated: 8 Nov 2024

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