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Shop 1/136 Frankston-Flinders Road, FRANKSTON, VIC, 3199

2. Property Highlights

New Lease to Workwear Giant | Strategic Location & Huge Exposure
  • 5 year lease to Workwear Giant
  • 42,000+ vehicles passing daily
  • Tenant pays all usual outgoings

Key Investment Highlights

+ 5 year net lease to 2026, plus a further 5 year option to 2031

+ Totally Workwear: Australia’s largest network of service providers in workwear, uniforms, and safety gears with 88 stores nationwide and operating for 27+ years

+ Landlord-favourable net lease terms with tenant responsible for all outgoings excluding land tax

+ Annual rent increases, ensuring future rental growth

+ Immaculate and spacious 280sqm* retail shop to the latest Totally Workwear corporate tenant fit-out

+ Retail shop frontage and exposure 31+ metres

+ Prime position across the road from BP Service Station, McDonald’s and neighbouring Goodstart childcare and global fast-food pizza giant, Domino’s

+ Strategic location with enormous exposure to Frankston-Flinders Rd servicing 42,000+ vehicles daily

+ Investment includes additional income from the Telstra Mobile Tower on a 5 year lease plus options

+ Important 20 common car spaces on title

+ Significantly underlet at $225 p/sqm – market review in 2026

+ Across the road from the Tower Hill Shopping precinct, currently undergoing a full re-development and expected to be completed Aug 2023

+ Approved plans / permits (2018) for a 3 lot subdivision, now lapsed for purchaser's further dealings (STCA)

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

+ Estimated Net Income: $73,740 pa + GST

To be sold by Burgess Rawson’s Investment Portfolio Auction

10:30am Wednesday 29 March 2023

Crown Casino Melbourne

Remember to mention you found this property on CommercialReady

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3. Property Location

Shop 1/136 Frankston-Flinders Road, FRANKSTON, VIC, 3199

Property Map

4. Due Diligence

Site Report Available

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Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Shop 1/136 Frankston-Flinders Road, FRANKSTON, VIC, 3199 Frankston
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