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2072 Frankston-Flinders Road, HASTINGS, VIC, 3915

2. Property Highlights

New 5 Year Lease - High Profile Strategic Landholding
  • Brand new 5-year lease
  • Fixed 3% rent increases
  • Tenant pays usual outgoings

+ Brand new Five (5) year lease to March 2027 plus options to 2042.

+ Hastings Super Shine: booming business, servicing 24,172 registered vehicles within 5km. **

+ Investor preferred net lease terms with tenant paying all usual outgoings.

+ Generous fixed 3% annual rent increases assuring growth.

+ Immaculate car wash facility with 1 automatic and 5 manual bays.

+ Significant 1,911sqm* freehold site with important 36 metre frontage to Frankston-Flinders Road.

+ High profile position with 16,200 vehicles passing daily.**

+ McDonald’s, KFC, Red Rooster, Shell, Ampol, Supercheap Auto, Bursons and Tyrepower all within 200 metres.

+ Hastings: commercial capital of Western Port, only 58km from Melbourne.

+ Net Income: $126,890pa + GST.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 30 March 2022

Crown Casino - River Room

*Approx

**Gapmaps

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

2072 Frankston-Flinders Road, HASTINGS, VIC, 3915

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4. Due Diligence

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