Map58 Mahogany Avenue, Frankston North, VIC 3200
Sold
Sold for $590,000 (Apr 30, 2024)
Commercial Building Investment With 10-Year Lease (5+5)
Raine & Horne Springvale are delighted to offer this prime and sizeable commercial property for sale on the market. The property has been occupied by a long term tenant (cafes/restaurants) However, it can also be used for various retail purposes. Surrounded by local stores and businesses nearby where hundreds of customers pass daily.
This property is located on corner Black with high foot traffic and turnover. There are endless opportunities in this charming retail store. A property such as this will appeal to investors as well as owner-occupiers. Located across from Eric Bell Reserve.
Key features include:
- Commercial 1 zone
- Land Area Approx. 185 m2
- Situated Corner Mahogany Ave and Forest Dr
- Secure and long-term lease (5+5)
- Rental income $ 1800 per month plus outgoings
- High Foot Traffic Precinct with Regular Customers
For further information or to arrange an inspection, please contact:
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L22952229
- Property Type:Retail
- Land Area:185 sqm
