20-22 Overton Road,
Frankston, VIC 3199

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OVER 2 ACRES OF MORNINGTON PENINSULA LAND LEASED TO AUSTRALIA'S STRONGEST CAR DEALER

Major Ford car dealership
Over 2 acres of unrivalled land holding
Fixed annual rental increases of 4%

Major Ford car dealership and service centre leased to Automotive Holdings Group LTD (ASX:AHG) with a market capitalisation of $860 million

Unrivalled land holding of more than 2 acres just 500m* from Port Phillip Bay and 1.4km* to the Frankston CBD

2,800sqm* building with first floor office amenities, showroom floor and major service facilities

Significant tax saving depreciation benefits on offer through modern improvements

Positioned to benefit from the growth and gentrification within Frankston and the Mornington Peninsula with over 10% forecast population growth

Recently renewed Triple Net Lease - all outgoings paid by the tenant including state land tax

Highly attractive fixed annual rental increases of 4% per annum and annual net income of $757,976*

Nathan Mufale
+61 421 224 3...

Jing Jun (JJ) Heng 王敬君
+61 411 059 1...

David Minty
+61 422 564 1...

*approx

Property ID: 502904038Last Updated: 6 Dec 2021

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