BULLET PROOF FREEHOLD INVESTMENT

Fantastic Foot Street Freehold Investment

Foot Street's group of shops are well known as one of the best and busiest local neighbourhood strip groups in the City of Frankston. With a strong and diverse mix of businesses including cafes, fruiterers, bakeries, pharmacies, news/lotto agency, takeaways and more, this property is in the centre of them all.

45 Foot Street houses Foot Street Cellars and Supermarket. In September 2023, the business operator entered into a new five-year lease, with further five-year options.

Don't miss this rare opportunity to secure a premium retail investment in one of the Mornington Peninsula's most tightly held precincts



Property Features:

* Rent of $73,290 per annum ( inc gst )
* Annual rent increases of 2.5%
* Brand new 5-year lease from September 2023
* Two further 5-year lease options
* Sizeable security deposit paid
* Commercial 1 Zone
* Building area: 180sqm*
* Land area: 188sqm*
* Angle parking on Foot Street directly in front
* Rear access from the lane



For further information or to arrange an inspection, please contact Russell at Russell Murphy Real Estate - 0407 839 194 - russell@russellmurphyrealestate.com.au