SECURE INVESTMENT IN GROWTH SUBURB

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 organise an inspection and for more information, contact:

Ryan Trickey 0400 380 438.
Dillon Chambers 0422 909 456.

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.

Due diligence checklist for home and residential property buyers.

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.