66-70 Wells Street,
Frankston, VIC 3199
Shops & Retail • Development Sites & Land • Other
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Vinci Carbone Property Pty Ltd - Melbourne
Level 10, 100 Collins StreetMELBOURNE, VIC 3000
66-70 Wells Street
Frankston, VIC 3199
Map of 66-70 Wells Street
100% Leased Landmark Retail Corner | Booming Retail Precinct
- Prime Frankston CBD Freehold
- 100% Leased Retail Corner
- Significant Upside Potential (STCA)
Burgess Rawson in conjunction with Vinci Carbone are pleased to offer to the market 66-70 Wells Street & 6-8 Keys Street, Frankston VIC for sale via Investment Portfolio Auction 156.
The property has the following investment highlights:
+Prized 805sqm* building in the heart of Frankston’s booming commercial centre.
+Highly-sought-after 765sqm* C1Z land with endless upside potential adjoining 6-level building precedent (STCA)
+Secure 7, 5, 3 year leases to leading national tenants
+100% leased investment including Gami Chicken and Beer (40 locations) and Bank of Queensland, a top 100 ASX company with a market cap of $4.52bn.**
+Investor preferred net lease terms with tenants paying all usual outgoings.
+Favourable rent reviews throughout the complex - ensuring rental growth.
+Strategically situated within the heart of Frankston’s CBD amongst national tenants including Australia Post, Chemist Warehouse, 7-Eleven, Grill’d, Betty’s Burgers and Nando’s.
+Ideally located opposite to Bayside Shopping Centre, a dual-anchored complex with 250 specialty stores which attract 10.2 million customer visits annually.***
+Frankston: major commercial, retail, education and transport hub servicing Southern suburbs and the Mornington Peninsula.
+Estimated Net Income: $215,218 pa* plus GST.
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 26 October 2022
Crown Casino, Melbourne VIC
*approx.
**D&B
***Vicinity
For further information, please contact the exclusive agents below:
Burgess Rawson Melbourne
Shaun Venables 0411 860 8...
Beau Coulter 0413 839 8...
Matthew Wright 0450 290 588
Zomart He 0488 220 830
Vinci Carbone
Frank Vinci 0418 375 3...
Zach Molinaro 0488 300 5...
The property has the following investment highlights:
+Prized 805sqm* building in the heart of Frankston’s booming commercial centre.
+Highly-sought-after 765sqm* C1Z land with endless upside potential adjoining 6-level building precedent (STCA)
+Secure 7, 5, 3 year leases to leading national tenants
+100% leased investment including Gami Chicken and Beer (40 locations) and Bank of Queensland, a top 100 ASX company with a market cap of $4.52bn.**
+Investor preferred net lease terms with tenants paying all usual outgoings.
+Favourable rent reviews throughout the complex - ensuring rental growth.
+Strategically situated within the heart of Frankston’s CBD amongst national tenants including Australia Post, Chemist Warehouse, 7-Eleven, Grill’d, Betty’s Burgers and Nando’s.
+Ideally located opposite to Bayside Shopping Centre, a dual-anchored complex with 250 specialty stores which attract 10.2 million customer visits annually.***
+Frankston: major commercial, retail, education and transport hub servicing Southern suburbs and the Mornington Peninsula.
+Estimated Net Income: $215,218 pa* plus GST.
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 26 October 2022
Crown Casino, Melbourne VIC
*approx.
**D&B
***Vicinity
For further information, please contact the exclusive agents below:
Burgess Rawson Melbourne
Shaun Venables 0411 860 8...
Beau Coulter 0413 839 8...
Matthew Wright 0450 290 588
Zomart He 0488 220 830
Vinci Carbone
Frank Vinci 0418 375 3...
Zach Molinaro 0488 300 5...
Property ID: 504169167Last Updated: 1 Aug 2023
Vinci Carbone Property Pty Ltd - MelbourneLevel 10, 100 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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