Located in Frankston, south east of Melbourne these shops will appeal to investors and possibly owner occupiers.

The property on offer includes Shops 1, 4 and 7 at 129-133 Beach Street and will be auctioned on site on Friday 9 th December through Jacobs & Lowe’s Jeremy Lewis and Michelle Adams.

Mr Jeremy Lewis said this is the first time these properties have been offered to the market for sale, since being built. “The shops are part of a well-kept shopping centre mall surrounded by a large residential catch.”

Jacobs & Lowe’s Jeremy Lewis, said “The property is fully leased on three separate tenancies earning a combined net annual rental of $120,000.”

Shop 1 has an area of 219 square metres while Shop 4 has an area of 109 square metres and Shop 7 has an area of 172.1 square metres.
There are approximately 39 onsite car parking spaces with rear access for loading. The property offers two access and egress crossovers, added Mr Jeremy Lewis. 

Frankston is a suburb of Melbourne in the local government area of the City of Frankston. It is located 41 km south-east of the Melbourne city centre and is often referred to as "the gateway to the Mornington Peninsula".

Jacobs & Lowe’s Michelle Adams said, “Frankston is situated on the eastern shoreline of Port Phillip, Frankston has been a popular seaside destination of Melbourne since the 1880s. The suburb of Frankston has particular strengths in the health care, retail/hospitality, and education industries.”

Four major hospitals, numerous health care providers, two regional shopping centres, a hard goods retail park, a university campus, a large TAFE institute as well as various secondary and primary schools are all located within the suburb and are a significant source of employment.

According to the Victorian Government, in recognising the importance of Frankston as a major activity centre in southern metropolitan Melbourne, the Victorian Government has committed significant investment towards kick starting the revitalisation of Frankston Town Centre.

“Building on the $63 million redevelopment of Frankston Train Station in 2018, the Frankston Revitalisation Project has expanded to include much needed traffic and streetscape improvements in the surrounding precinct as well as projects to improve community safety and attract more people back to the town centre. Working closely together, the State Government, Frankston City Council, local stakeholders, businesses, and the community have successfully begun the work of renewing Frankston through shopfront improvements, restoring laneways, launching street art and other community festivals, and building development and business sector confidence.”

To request a copy of the Information Memorandum please contact one of the marketing agents Jacobs & Lowe’s Jeremy Lewis and Michelle Adams via the contact details below. 

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3/3 Merino Street, Capel Sound, VIC, 3940, Australia - Mornington Peninsula warehouse yields 5% - Jacobs and Lowe - The Real Estate Conversation