Flexible Retail Hub with Massive Expansion Opportunity

The Details

Location: Frankston, VIC

Type: Commercial

Purchase Price: $632,000

Net Yield: 4.69% (7% net at market rent)

Rent return : $30,006 (circa $44,000 net at market rent)

Lease: Front shop - 3 years remaining on lease with a 5 year renewal option. Rear shop - 4 years remaining on lease with a 5 year renewal option

Total Area: 119 sqm front and 53 sqm rear

WHY WE LOVE THIS PROPERTY:

Rare opportunity to invest in a suburban retail with significant upside

Wide variety of uses for new tenants due to layout

Dual front and rear tenancies

Rear roller door access

Strong upside in front tenancy rent