Watch Watch
60-64 Wells Street, Frankston, VIC, 3199
Tenanted Investment

Property Highlights

Trophy Government Social Infrastructure Investment | Tightly Held Bayside Metro CBD Freehold
  • 100% leased Govt/Govt backed Investment
  • Renewed 5 & 3 year net leases
  • Guaranteed 3.5% & 3% increases

Under instruction from Advise Transact, Burgess Rawson in conjunction with Gorman Allard Shelton are pleased to present to the market 60-64 Wells Street, Frankston VIC for Sale by Private Treaty.

Pertinent selling features are:

+ Fully leased landmark Govt/Govt backed investment adjoining landmark Bayside Shopping Centre.

+ Frequently renewed Five (5) and Three (3) year leases.

+ Landlord favourable leases, long tenure to Victorian State Government, Family Life Ltd & Anglicare Victoria.

+ Valuable ‘net leases’ with tenants paying all usual outgoings.

+ Fixed income growth via 3% & 3.5% annual rental increases.

+ Prized 5 level 3,239sqm* (NLA) freehold building with substantial upgrades and abundance of natural light throughout.

+ Strategic C1Z CBD corner landholding providing realistic future development upside.***

+ Strategic location adjoining landmark Bayside Shopping Centre anchored by 3 supermarkets, 241 specialty stores and 10.2 million customer visits annually. **

+ 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.

+ Convenient short distance (250m*) to Frankston Train station which has recently undergone a significant $63 m development with upgrades to additional parking and ensuring Frankston remains easily accessible to all South Eastern Melbourne suburbs.

+ Frankston: major commercial, retail, education, and transport hub servicing Southern suburbs and Mornington Peninsula.

+ 4 Star NABERS Rating.

+ Net Income: $1,072,615* pa + GST (Dec 23)

Please contact the exclusive agents:

Burgess Rawson Agents

Matthew Wright - 0458 290 588

Beau Coulter - 0413 839 898

Zomart He - 0488 220 830

Yosh Mendis - 0434 413 188

Gorman Allard Shelton Agents

Peter Bremner- 0412 326 942

Joseph Walton - 0417 309 347

Jonathan McCormack - 0418 835 885



*** STCA

Remember to mention you found this property on CommercialReady

Read More

Evaluate your finance options for this investment

Get advice from our experienced finance team at Ready Capital.

Book a complimentary call today

STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
60-64 Wells Street, Frankston, VIC, 3199
STEP 03 Contact a finance professional

Map: 60-64 Wells Street, Frankston, VIC, 3199

Property Map
Show properties in the area
For Sale

Due Diligence Report

Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Please verify your details to allow access.
Enquire Now
calculator-icon Yield Calculator
calcultor-icon Yield Calculator