Under Offer! Multi-tenanted Medical Investment– Frankston, Melbourne
FRANKSTON VIC
Last asking price $3,500,000
Sold June 2022
Business Services, Business Services, Healthcare
Superb property with strong rental returns. Ideal Medical investment. Expressions of Interest (Closing 8 April)
This property is located on the western side of Young Street(40-42 Young Street) between Beach and Station Streets (opposite Frankston Railway Station). Just 200m from the busy Bayside Vicinity Shopping Centre with several major retail brands.
Comprising a total building area of 270sqm on the ground floor. Three secure medical/health tenants – Medical Clinic, Compounding Pharmacy and Pathology. Current annual rental of $234,441 pa + GST.
Close to trains, buses and other amenities and easily accessed via M1, M3 and Mornington Peninsular Freeways.
-Multi-tenanted medical building
-Current rent over $234,000 with secure leases in place
-Centrally located, close to transport and retail
-Sound investment
Expressions of Interest close Friday, 8th April at 2.00 pm. 10% on signing of the contract; balance 36/60 days from the day of sale. In conjunction with Allard Shelton