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24-26 Overton Road, Frankston, VIC, 3199
Frankston
Burgess Rawson are pleased to offer the fully leased Skoda freehold investment located at 24-26 Overton Road & 35 New Street, Frankston VIC for sale via Expressions of Interest closing Tuesday 21 May 2024.
Investment highlights include:
+ Irreplaceable 6,693 sqm* corner landholding providing combined frontage of 115 metres* to Overton Road.
+ Strategic location within the premium automotive showroom precinct which includes Ford, Toyota, Kia, Hyundai, Nissan, Subaru, Mitsubishi plus many more.
+ Within 400m* Frankston Freeway and Frankston-Dandenong Road on and off ramps, seeing a combined 84,000 vehicles passing daily. (1)
+ Skoda: Major European brand owned by Volkswagen, operating in over 100 countries globally and 67 dealerships across Australia. (2)
+ Thriving industry: Skoda’s Australian car sales up 23% year-on-year. (3)
+ Five year lease to through to 2027 plus three further five year options through to 2042.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Recent $1 million showroom fit-out and upgrade carried out by the tenant to Skoda’s corporate layout and design.
+ Minimal management investment, investor friendly net lease, with tenant paying all usual outgoings.
+ Frankston: Major commercial, retail, education and transport hub servicing the Mornington Peninsula, with a growing population forecast to increase 40% by 2041. (4)
+ Frankston is the gateway to the Mornington Peninsula: Tourism up 55% year-on-year with total domestic tourists reaching 8.23 million people. (5)
+ Estimated Net Income: $323,873 pa* + GST.
Expressions of Interest
Closing 3pm (AEST) Tuesday 21 May 2024
For further information please contact the agents directly
*Approximately
(1) GapMaps
(2) Skoda Australia
(3) FCAI 22-23
(4) Forecast.id
(5) Mornington Peninsula Shire
Remember to mention you found this property on CommercialReady
Burgess Rawson are pleased to offer the fully leased Skoda freehold investment located at 24-26 Overton Road & 35 New Street, Frankston VIC for sale via Expressions of Interest closing Tuesday 21 May 2024.
Investment highlights include:
+ Irreplaceable 6,693 sqm* corner landholding providing combined frontage of 115 metres* to Overton Road.
+ Strategic location within the premium automotive showroom precinct which includes Ford, Toyota, Kia, Hyundai, Nissan, Subaru, Mitsubishi plus many more.
+ Within 400m* Frankston Freeway and Frankston-Dandenong Road on and off ramps, seeing a combined 84,000 vehicles passing daily. (1)
+ Skoda: Major European brand owned by Volkswagen, operating in over 100 countries globally and 67 dealerships across Australia. (2)
+ Thriving industry: Skoda’s Australian car sales up 23% year-on-year. (3)
+ Five year lease to through to 2027 plus three further five year options through to 2042.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Recent $1 million showroom fit-out and upgrade carried out by the tenant to Skoda’s corporate layout and design.
+ Minimal management investment, investor friendly net lease, with tenant paying all usual outgoings.
+ Frankston: Major commercial, retail, education and transport hub servicing the Mornington Peninsula, with a growing population forecast to increase 40% by 2041. (4)
+ Frankston is the gateway to the Mornington Peninsula: Tourism up 55% year-on-year with total domestic tourists reaching 8.23 million people. (5)
+ Estimated Net Income: $323,873 pa* + GST.
Expressions of Interest
Closing 3pm (AEST) Tuesday 21 May 2024
For further information please contact the agents directly
*Approximately
(1) GapMaps
(2) Skoda Australia
(3) FCAI 22-23
(4) Forecast.id
(5) Mornington Peninsula Shire
Remember to mention you found this property on CommercialReady
24-26 Overton Road, Frankston, VIC, 3199
Secure/no obligation
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
Yield Calculator
Yield Calculator
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
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
