40 Mahogany Avenue, Frankston North, VIC, 3200

Ray White Commercial Glen Waverley is pleased to offer this excellent entry-level freehold investment. This property has both development and rental upside in the future. The buyer enjoys a long-term tenant who has been in the property for 10+ years.

Currently leased by long-term pizza shop "King Castello Frankston Pizza & More"

The retail strip has very low vacancy and offers an excellent tenancy mix. A true 'one-stop shop' for the locals in this area. The strip services a large residential, schooling, and sporting precinct with proximity to Monterey Secondary College, Mahogany Rise Primary School, The National Golf Club, Peninsula Kingswood Golf Club, Frankston Pines Soccer Club, Pines Football/Cricket Club, Pines Forest Aquatic Centre and TLC Forest Lodge Residential Aged Care.

Located off Frankston Dandenong Road and moments from M3 (Frankston Freeway), this is as good an entry-level opportunity as one can hope for.

Property Features:

• Ideally located in a tightly-held retail strip in a residential area

• Commercial 1 Zone

• Current tenant in occupation for 10+ years

• New 3 Year lease (August 2025) + one further term of 3 years

• Current rent $30,000 + GST + Outgoings with 3% Market Reviews

• Building 145m2* including rear 2-bed dwelling/ office

• Land size 185m *

• Ample customer parking

• Building with commercial kitchen fit-out with grease trap

• Easy access to M3 and South Gippsland Highway(M420)

To be sold by Public Auction Thursday 9th April at 12pm.

To organise an inspection and for more information, contact:

Ryan Trickey 0400 380 438

Dillon Chambers 0422 909 456

Remember to mention you found this property on CommercialReady