136 Frankston Flinders Road, Frankston

Property Details


ID: 366894
Building Area: 280



This iconic high profile corner investment is offered for sale with two income sources

Massive price reduction "Vendor says Sell"

This is a high profile opportunity certainly not to be missed and is ideal for a multitude of uses well into the future.

Civic Video Net income of approx 69500 plus GST

5-year lease (current term) commenced 2013 with a 5-year option

Second income from Telstra for a telco tower of approx $8181 PA (Plus GST).

10 years lease commencing May 2007 with 3 further options 5 years.

Total current net income of approximately $77700.00

Gross lettable area of approx 280 Square meters

20 off-street parks (common area) shared with Dominoes

The property is to be sold as a "Going Concern"

For a Section 32 including all lease docs please enquire today!

Terms 10% Deposit balance 30/60/90 days

Inspect today strictly by appointment

Call Trevor McCann 0407 043 932