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3 & 3a Shannon Street Mall Frankston, VIC 3199

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Sold

3 & 3a Shannon Street MallFrankston, VIC 3199

Retail
Sold Price

Contact Agent

Floor area

631.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

25 May 2018

RARE MALL OPPORTUNITY WITH ALL THE BENEFITS OF THE MORNINGTON PENINSULA'S LARGEST SHOPPING CENTRE

  • Two titles across 631sqm*
  • Potential fully leased income $370,000*
  • Opportunity to Invest / Develop / Occupy

CBRE Melbourne Strip Retail Investments are pleased to present to the market 3 & 3a Shannon Street Mall, Frankston, for sale via public expressions of interest closing Wednesday 23rd May at 5.00PM

We highlight some key features below:

- Arguably Frankston's most well exposed retail location, in the middle of the Bayside Shopping Centre and the eclectic Wells Street Retail precinct (30m*

- Enjoy the upside of a major shopping centre including 3,452* car parks, 99% occupancy rate and exposure to over 12 million consumers annually

- Consisting of two titles, the property benefits from 15 metres* of rare frontage onto the busy Shannon Street Mall and highly accessible rear lane access via White Street Mall

- Potential fully leased income from two freehold buildings of $370,000* per annum

- Positioned on a substantial and underutilised landholding of 631sqm* with unparalleled value add potential through development or further retail activation (STCA)

- Located in the heart of Frankston's CBD surrounded by national retailers, multi-level office buildings and close proximity to public transport (Frankston Train Station 100m*)

For sale via public expressions of interest closing Wednesday 23rd May at 5.00PM

Rorey James

+ 61 439 400 081

Nic Hage

+61 448 782 594

Sandro Peluso

+61 418 389 757

Property ID: 502764514Last Updated: 27 Jun 2018

Agency contacts

CBRE  - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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CBRE - Victoria
3 & 3a Shannon Street Mall Frankston, VIC 3199

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,