11 Olsen Street, Frankston, Vic 3199

Wilson Commercial is delighted to offer to the market by Private Sale 11A & 11B Olsen Street, Frankston, a versatile street-front investment in the heart of the Frankston shopping precinct.

This well-positioned retail/commercial space offers an ideal entry point for investors or owner-occupiers looking to establish themselves in a burgeoning local community hub.  With excellent potential for value-adding and close proximity to Bayside Shopping Centre, transport links, and Frankston Beach, this opportunity is not to be missed.

Situated within a strata-titled complex of seven, this property which is positioned on the corner of Beach Street & Olsen Street is held on a single title and divided into two separately leased tenancies.  It is surrounded by a mix of local businesses, dining options, and ample public parking. Additionally, air rights across all seven lots (subject to owners’ corporation approval) provide exciting possibilities for future development, including potential bay and city views (STCA).

Key Highlights:

•		Total combined site area: Approx. 159 sq m
•		Shop 11A – 74 sq m approx. Leased on a monthly basis, generating $20,006 p.a. plus outgoings & GST
•	Shop 11B – 85 sq m approx. Leased until Sept 2028 with 5 + 5-year options, returning $26,527 p.a. plus outgoings & GST.  Fixed 3.50% annual increases, market review at option/s.
•	Excellent connectivity – Easy access to Nepean Hwy and freeway links
•	One title/two shops with two street frontages
•	High exposure retail corner position
•	A wide frontage to Beach Street of 15m and Olsen Street of 10m

For booking an inspection or to request a copy of the contract and Information Memorandum, please contact Nicole Scrofani 0411 22 44 51.