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Overview
1083 Frankston Flinders Road, Somerville
Prime Main Road Frontage
This commercial property offers an excellent main road frontage, presenting a fantastic opportunity for the right buyer. It is strategically located adjacent to an Aldi supermarket, benefiting from substantial passing traffic, making it an ideal location for various business ventures.
The premises is suitable for a wide range of uses including any type of business or home occupation, medical industry, take-away food business, travel agency, accounting, or legal services. The shop area is approximately 70 square metres, providing a good-sized space for operations.
Additional features include convenient car parking at the rear of the shop, a toilet, and a kitchenette. The rear area is very secure and private, with both front and rear access available, enhancing operational flexibility and security.
This property offers a terrific return for investors, with an approximate yield of 5%. Flexible settlement terms are available to accommodate buyer needs.
The property is currently leased, with the lease expiring on 1st August 2025. It is being sold as a going concern, and no GST is payable on the sale.
The current rent is $23,100 per annum plus outgoings.
Please Note:
- All information and measurements are approximate. Prospective buyers should refer to the contract of sale and lease documentation for precise details.
Inspections are strictly by private appointment.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Somerville VIC 3912
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 70 m² |
Market Insights for Somerville VIC 3912
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