20-22 Overton Road,
Frankston, VIC 3199
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Map of 20-22 Overton Road
OVER 2 ACRES OF MORNINGTON PENINSULA LAND LEASED TO AUSTRALIA'S STRONGEST CAR DEALER
- Major Ford car dealership
- Over 2 acres of unrivalled land holding
- Fixed annual rental increases of 4%
Major Ford car dealership and service centre leased to Automotive Holdings Group LTD (ASX:AHG) with a market capitalisation of $860 million
Unrivalled land holding of more than 2 acres just 500m* from Port Phillip Bay and 1.4km* to the Frankston CBD
2,800sqm* building with first floor office amenities, showroom floor and major service facilities
Significant tax saving depreciation benefits on offer through modern improvements
Positioned to benefit from the growth and gentrification within Frankston and the Mornington Peninsula with over 10% forecast population growth
Recently renewed Triple Net Lease - all outgoings paid by the tenant including state land tax
Highly attractive fixed annual rental increases of 4% per annum and annual net income of $757,976*
Nathan Mufale
+61 421 224 3...
Jing Jun (JJ) Heng 王敬君
+61 411 059 1...
David Minty
+61 422 564 1...
*approx
Unrivalled land holding of more than 2 acres just 500m* from Port Phillip Bay and 1.4km* to the Frankston CBD
2,800sqm* building with first floor office amenities, showroom floor and major service facilities
Significant tax saving depreciation benefits on offer through modern improvements
Positioned to benefit from the growth and gentrification within Frankston and the Mornington Peninsula with over 10% forecast population growth
Recently renewed Triple Net Lease - all outgoings paid by the tenant including state land tax
Highly attractive fixed annual rental increases of 4% per annum and annual net income of $757,976*
Nathan Mufale
+61 421 224 3...
Jing Jun (JJ) Heng 王敬君
+61 411 059 1...
David Minty
+61 422 564 1...
*approx
Property ID: 502904038Last Updated: 6 Dec 2021
20-22 Overton Road
Frankston, VIC 3199
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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