Expressions of Interest Closing Wednesday 21st May at 12noon. Located in the heart of Frankston amongst a large number of high-profile brands, this showroom/warehouse offers exceptional potential for investors. Property Features: - Building Area: 625 m² (approx.) | Land Area: 1,342 m² (approx.) - Frontage: 25m (approx.) - Fully Fenced Rear Yard - Rear Loading via Roller Door Access - Onsite Car Parking Available - Ideal Location with Easy Freeway Access - CZ2 Frankston Planning Scheme Investment Highlights: - Secure Long-Term Lessee: Aidacare Pty Ltd, with 60 locations nationally, providing an excellent and secure investment opportunity. - Lease Commencement: 30th September 2022 (currently in the first option period) - Options: 3 plus 3 - Rental Income: $165,984 per annum plus GST - Rental Reviews: 4% per annum plus market reviews upon the exercising of the option to renew - Security: Bank Guarantee equal to three (3) months rent plus GST This property is perfect for investors looking for stable income in a prime location with a reputable and established tenant. Don't miss out on this fantastic opportunity!
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