12 Balmoral Street, Frankston , 12 Balmoral Street, Frankston

BUY ONE OR ALL! THREE ADJOINING QUALITY INVESTMENTS LEASED TO PROMINENT NATIONAL BRAND “DIMMEYS FRANKSTON”

Jones Real Estate is pleased to offer for your consideration the Clyde Street Mall Collective – Three (3) prime and individual retail premises leased to major national retailer “Dimmeys Frankston”.

These three (3) individual properties located in the established retail destination precinct that is the Clyde Street Mall, can be purchased individually or in one line.

Immersed within a freshly developed mixed-use precinct, the subject properties are underpinned by adjoining national retail operators including Target, Myer, Kmart, Aldi, Woolworths, T.K.Maxx, Commonwealth Bank, Rebel Sport, Toyworld, Bank of Melbourne (and many more), future proofing the location in years to come. Additionally, the highly desirable ground floor and corner retail location provides an abundance of foot traffic volumes, further enhancing the long-term investment resilience.

The three individual properties, namely Shops 4, 5 & 6 are For Sale via Expressions of Interest closing Thursday 17th February 2022 at 1pm.

Key highlights of each property on an individual basis include;

SHOP 4

– Securely leased to major national retailer and household occupier “Dimmeys Frankston”

– Current passing rental of $47,000.00 per annum + GST & Outgoings

– New 5 year lease + Options

– Fixed annual rental increases

– Total NLA of 175.00sqm*

SHOP 5

– Securely leased to major national retailer and household occupier “Dimmeys Frankston”

– Current passing rental of $45,000.00 per annum + GST & Outgoings

– New 5 year lease + Options

– Fixed annual rental increases

– Total NLA of 162.00sqm*

SHOP 6

– Securely leased to major national retailer and household occupier “Dimmeys Frankston”

– Current passing rental of $44,800.00 per annum + GST & Outgoings

– New Five (5) year lease + Options

– Fixed annual rental increases

– Total NLA of 128.00sqm*

The properties are For Sale via Expressions of Interest closing Thursday 17th February 2022 at 1pm. Jones Real Estate welcomes offers individually or in one line.

For further information please contact the exclusive selling agents.

*approx.
^Subject to planning approval