Added today
2994 Frankston-Flinders Road,
Balnarring, VIC 3926
Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Shops & Retail
Added today
Price information
Sale - Auction Tue 10 Dec
Contact Agent
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
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
2994 Frankston-Flinders Road
Balnarring, VIC 3926
Map of 2994 Frankston-Flinders Road
Bus stops within 5 km of 2994 Frankston-Flinders Road, Balnarring, VIC 3926 Distance Balnarring Village Shopping Centre/Frankston-Flinders Rd (Balnarring) 263 m Coolart RdSandy Point Rd 1.6 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
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
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000