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20-22 Overton Road Frankston, VIC 3199

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20-22 Overton Road Frankston, VIC 3199

Shop & Retail
Sold Price

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Land area

0.81ha (2.0 acres)

Floor area

2800.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

18 Sep 2018

OVER 2 ACRES OF MORNINGTON PENINSULA LAND LEASED TO AUSTRALIA'S STRONGEST CAR DEALER

  • Recently renewed triple net lease
  • Unrivalled land holding of over 2 acres
  • Net annual income of $757,976*

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*

Joseph Du Rieu

+61 408 892 976

Kevin Tong

+61 422 848 818

Sandro Peluso

+61 418 389 757

*approx

Property ID: 502904038Last Updated: 1 Nov 2018

20-22 Overton Road
Frankston, VIC 3199

Agency contacts

CBRE - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Send to:

Sandro Peluso
CBRE - Victoria
20-22 Overton Road Frankston, VIC 3199

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

Kind Regards,

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