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12 Balmoral St 1,377 SF Retail Condo Unit Offered at $491,433 in Frankston, VIC 3199
Investment Highlights
- Within Ringwood North Shopping Centre precinct
- Central car park ensures excellent convenience
- Easy access to Eastland and Ringwood Station
- Anchored by supermarket & specialty retailers
- 4-year lease in place with growth mechanisms
Executive Summary
Positioned in the well-established Ringwood North Shopping Centre, this 55 sqm retail premises provides a secure long-term rental income stream supported by excellent exposure to local customers. The tenancy includes an internal kitchenette and benefits from strong co-tenancy synergy with major retailers driving consistent foot traffic to the center. Accessibility is further enhanced by a generous on-site car park and connections to surrounding arterials and bus transport nodes.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
The shop offers a functional interior footprint with a prominent glazed frontage to pedestrian thoroughfares inside the retail precinct. Positioned near leading businesses, this tenancy leverages shared customer attraction and accessibility, making it an ideal barber service location within a tightly held retail environment.
Sale Notes
Available for sale as a secure retail investment, this property offers stable income supported by an established tenant on a 4-year lease with option, annual rental growth, and favorable review clauses. Located within a popular shopping hub and surrounded by prominent national brands, this asset ensures enduring demand and long-term rental security. Its strategic position near Eastland and strong public transport links further underscores its investment confidence.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 6 | 1,377 SF | Retail | $491,433 ($356.89/SF) | - |
Unit 6
| Unit Size |
| 1,377 SF |
| Condo Use |
| Retail |
| Price |
| $491,433 ($356.89/SF) |
| NOI |
| - |
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Unit 6
| Unit Size | 1,377 SF |
| Condo Use | Retail |
| Price | $491,433 ($356.89/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| The shop offers a functional interior footprint with a prominent glazed frontage to pedestrian thoroughfares inside the retail precinct. Positioned near leading businesses, this tenancy leverages shared customer attraction and accessibility, making it an ideal barber service location within a tightly held retail environment.</li></ul> | |
| Sale Notes | |
| Available for sale as a secure retail investment, this property offers stable income supported by an established tenant on a 4-year lease with option, annual rental growth, and favorable review clauses. Located within a popular shopping hub and surrounded by prominent national brands, this asset ensures enduring demand and long-term rental security. Its strategic position near Eastland and strong public transport links further underscores its investment confidence.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 70,084 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 17,524 SF |
| Property Subtype | Apartment | Lot Size | 0.47 AC |
| Building Class | B |
| Total Building Size | 70,084 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 17,524 SF |
| Lot Size | 0.47 AC |
Amenities
Site Amenities
- On-Site Retail
- Public Transportation
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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12 Balmoral St
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