MULTI-TENANTED CORNER INVESTMENT WITH UPSIDE
21-23 Playne Street & 1-3 Thompson Street, Frankston VIC 3199
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RetailSize: n/a
Block size: 730 m² approx.
Gorman Allard Shelton is pleased to offer 21-23 Playne Street & 1-3 Thompson Street, Frankston for private sale.
The property presents a rare investment opportunity leased with multiple income streams and underpinned by a prime corner land holding.
* Combined Income: $173,240 pa + GST + outgoings
* Land area: 730 sqm (approx.)
* Building area: 625 sqm (approx.)
* Prime Commercial 1 zoning
* Securely leased with three income streams to two allied health tenancies and well renowned local café, Nature Café Bar
* Prominently located on the corner of Playne and Thompson Street and within the heart of Frankston
* Walking distance to the beach, Frankston Train Station, cinemas, Bayside Shopping Centre plus a number of entertainment options within the immediate area
* Combined two street frontages to Playne & Thompson Street of 62+ metres
* Huge development potential and within a precinct allowing for multi-level mixed use development
The property presents a rare investment opportunity leased with multiple income streams and underpinned by a prime corner land holding.
* Combined Income: $173,240 pa + GST + outgoings
* Land area: 730 sqm (approx.)
* Building area: 625 sqm (approx.)
* Prime Commercial 1 zoning
* Securely leased with three income streams to two allied health tenancies and well renowned local café, Nature Café Bar
* Prominently located on the corner of Playne and Thompson Street and within the heart of Frankston
* Walking distance to the beach, Frankston Train Station, cinemas, Bayside Shopping Centre plus a number of entertainment options within the immediate area
* Combined two street frontages to Playne & Thompson Street of 62+ metres
* Huge development potential and within a precinct allowing for multi-level mixed use development
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
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Contact Tom Maule to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
730 m²*
Other Details
Maps and area information
Block information
Block size: 730m² (approx)
No block information available
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Property history
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SummaryMedian sales
Average Age
40 years
Population
37,331
Listing ID: 182075722. This listing has been viewed 5 times. It was first displayed on 09/11/2023 and last updated on 09/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.