100 & 100A Young Street,
Frankston, VIC 3199
Shops & Retail • Offices
Key property information
Land area
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Nichols Crowder - Carrum Downs
1 Colemans RdCARRUM DOWNS, VIC 3201
100 & 100A Young Street
Frankston, VIC 3199
Map
Fully Tenanted Long-Term Investment
Nichols Crowder is delighted to bring to market 100 Young Street, Frankston.
Opportunities like this don't become available often, with this property being held by the same family for over 20 years.
Located centrally in Young Street, with Frankston Station diagonally opposite and Bayside Entertainment Centre behind.
Featuring two tenancies, with the ground floor leased until 31/10/2032 returning $65,563 p.a. + GST + outgoings, and the first floor leased until 17/08/2026 returning $37,856 p.a. + GST + outgoings.
The ground floor tenant "Professional Hair Care Products" has traded here since 2006. The first floor is leased to Deific Pty Ltd Trading as Codecat Digital Development.
Key features include:
* Freehold title (no Owners Corporation)
* Current rental income of $103,419 p.a. + outgoings + GST
* From 01/11/22 new 10 year lease on ground floor
* From 18/08/23 new 3 Year lease on first floor
* Total building area: 365sqm* (over two levels)
* First floor area: 200sqm*
* Ground floor area: 165sqm*
* Total land area: 268sqm*
* Rear access from Park Lane
* 10m* frontage to Young Street
* Activity Centre Zone (1)
* Brand new roof installed in 2022
* Preferred max building height 14 storeys (STCA) under the FMAC Structure Plan
* Council is encouraging high density housing in Frankston's CAD
Terms: 10% Deposit, Balance 30/60/90 Days
For further information or to arrange an inspection, please contact the listing agents.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Opportunities like this don't become available often, with this property being held by the same family for over 20 years.
Located centrally in Young Street, with Frankston Station diagonally opposite and Bayside Entertainment Centre behind.
Featuring two tenancies, with the ground floor leased until 31/10/2032 returning $65,563 p.a. + GST + outgoings, and the first floor leased until 17/08/2026 returning $37,856 p.a. + GST + outgoings.
The ground floor tenant "Professional Hair Care Products" has traded here since 2006. The first floor is leased to Deific Pty Ltd Trading as Codecat Digital Development.
Key features include:
* Freehold title (no Owners Corporation)
* Current rental income of $103,419 p.a. + outgoings + GST
* From 01/11/22 new 10 year lease on ground floor
* From 18/08/23 new 3 Year lease on first floor
* Total building area: 365sqm* (over two levels)
* First floor area: 200sqm*
* Ground floor area: 165sqm*
* Total land area: 268sqm*
* Rear access from Park Lane
* 10m* frontage to Young Street
* Activity Centre Zone (1)
* Brand new roof installed in 2022
* Preferred max building height 14 storeys (STCA) under the FMAC Structure Plan
* Council is encouraging high density housing in Frankston's CAD
Terms: 10% Deposit, Balance 30/60/90 Days
For further information or to arrange an inspection, please contact the listing agents.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Frankston, 3199 demographic data
37,331
Population
$1,387 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
Nichols Crowder - Carrum Downs1 Colemans Rd
CARRUM DOWNS, VIC 3201
CARRUM DOWNS, VIC 3201
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