NEW 3-YEAR LEASE - BAYSIDE'S MOST AFFORDABLE C1Z INVESTMENT

Ray White Commercial Glen Waverley is pleased to offer this excellent entry-level freehold investment. The gateway to the Mornington Peninsula with retail and residence.

This entry-level bayside investment 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 "Il Castello Pizza Cafe Frankston North."

The retail strip is a 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.

Noting that Melbourne's South East, one of Australia's fastest-growing catchments in terms of population growth and residential prices - now is your chance to get on board.

Property Features:

• Ideally located in a tightly-held residential area
• Commercial Zone 1
• Current tenant in occupation - chance to renegotiate or occupy in the future
• New 3 Year lease (August 2022)
• Current rent $22,284 + GST + Outgoings with 3% Market Reviews pa
• Building 145m2* including rear 2-bed dwelling/ office
• Land size 185m *
• Ample adjacent 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 27 October at 1 pm.

To organise an inspection and for more information, contact Ryan Trickey at 0400 380 438 or Will Jonas at 0422 883 011

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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