May 07, 2017

Transform Your Portfolio

Friday, 19th of May at 12:00noon on site

98 Young Street, Frankston

Nichols Crowder is proud to offer 98 Young Street, Frankston to the market.  To be auctioned on site on Friday, 19th of May at midday, the building of 183sqm is located on a site of 320sqm.  With several partitioned offices, it has been recently updated and has staff facilities.  Annual rent is $43,442, with a three year option on the current lease expiring at the end of March 2018.

The property is currently leased to Campbell Page Limited, which provides a range of employment and disability services on behalf of the Australian Government.  With a history dating back to 1985, the organisation now has 42 sites across the Eastern seaboard.

98 Young Street is located in a prime location close to the corner of Wells Street.  The property is set to benefit from the State Government’s $63 million Frankston Station Precinct Redevelopment.  This includes a high quality pedestrian streetscape on Young Street, between Wells Street and Beach Street, as well as a new bus interchange, wider footpaths, fresh landscaping and road improvements to the area. 

Linda Ellis, Sales and leasing Executive, says, “This is an excellent opportunity for an investor to add a great property to their portfolio.  In addition to a solid rental return, there is also potential for further redevelopment (STCA) of the property.”

Inspections of 98 Young Street, Frankston are by appointment only.

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.

Linda Ellis  
0400 480 397

Nichols Crowder
Level 1, 1 Colemans Road Carrum Downs VIC 3201
9775 1535