100% LEASED LANDMARK RETAIL CORNER | BOOMING RETAIL PRECINCT

Vinci Carbone and Burgess Rawson are pleased to offer to the market 66-70 Wells Street & 6-8 Keys Street, Frankston VIC for sale via Investment Portfolio Auction 156.

The property has the following investment highlights:

• Prized 805 sqm* building in the heart of Frankston’s booming commercial centre
• Highly-sought-after 765 sqm* C1Z land with endless upside potential adjoining 6-level building precedent (STCA)
• Secure 7, 5, 3 year leases to leading national tenants
• 100% leased investment including Gami Chicken and Beer (40 locations) and Bank of Queensland, a top 100 ASX company with a market cap of $4.52bn**
• Investor preferred net lease terms with tenants paying all usual outgoings
• Favourable rent reviews throughout the complex - ensuring rental growth
• Strategically situated within the heart of Frankston’s CBD amongst national tenants including Australia Post, Chemist Warehouse, 7-Eleven, Grill’d, Betty’s Burgers and Nando’s
• Ideally located opposite to Bayside Shopping Centre, a dual-anchored complex with 250 specialty stores which attract 10.2 million customer visits annually***
• Frankston: major commercial, retail, education and transport hub servicing Southern suburbs and the Mornington Peninsula
• Estimated Net Income: $215,218 pa* plus GST

To be sold by Investment Portfolio Auction: 
10:30am AEST Wednesday 26 October 2022
Crown Casino, Melbourne VIC

*approx.
**D&B
***Vicinity