Savills is delighted to offer for sale this prominent corner retail investment opportunity located at 2-14 Wells Street, Frankston.
The property benefits triple-frontage and is improved by a two-level building delivering a diversified income stream, with flexibility for value-add through refurbishment, repositioning or future development (STCA).
Key attributes of the property include:
• Prime 428sqm* triple-fronted landholding with extensive street frontage
• Substantial two level building of 600sqm*comprising ground floor retail & first floor office suites
• Returning $252,803* across 13 tenancies on varied lease terms
• Flexible Commercial 1 Zoned (C1Z) asset with scope for refurbishment, repositioning or future development (STCA)
• Prominent positioning within the heart of Frankston’s major retail, hospitality and commercial precinct
• Frankston is undergoing significant transformation underpinned by the $1.1 billion* Frankston Hospital redevelopment and over $500 million* of approved urban renewal projects throughout the precinct
*Approximate
For Sale by Expressions of Interest closing Wednesday 1 July at 2pm. .
For further information please contact:
Julian Heatherich - 0412 995 655
Beau Bakhtani - 0412 159 038
Remember to mention you found this property on CommercialReady
Savills is delighted to offer for sale this prominent corner retail investment opportunity located at 2-14 Wells Street, Frankston.
The property benefits triple-frontage and is improved by a two-level building delivering a diversified income stream, with flexibility for value-add through refurbishment, repositioning or future development (STCA).
Key attributes of the property include:
• Prime 428sqm* triple-fronted landholding with extensive street frontage
• Substantial two level building of 600sqm*comprising ground floor retail & first floor office suites
• Returning $252,803* across 13 tenancies on varied lease terms
• Flexible Commercial 1 Zoned (C1Z) asset with scope for refurbishment, repositioning or future development (STCA)
• Prominent positioning within the heart of Frankston’s major retail, hospitality and commercial precinct
• Frankston is undergoing significant transformation underpinned by the $1.1 billion* Frankston Hospital redevelopment and over $500 million* of approved urban renewal projects throughout the precinct
*Approximate
For Sale by Expressions of Interest closing Wednesday 1 July at 2pm. .
For further information please contact:
Julian Heatherich - 0412 995 655
Beau Bakhtani - 0412 159 038
Remember to mention you found this property on CommercialReady
2-14 Wells Street, Frankston, VIC, 3199
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis