This development includes six two-story buildings featuring ground-floor showrooms, as well as a three-story building that houses five unit-title offices.
To date, sales have been completed for two of the buildings and one unit title. The buyers include an out-of-town party and two local businesses.
William Gubb, a local agent from Bayleys, is marketing this precinct alongside his colleague Henry Napier. Gubb notes that the commercial vacancy rate in Frankton is remarkably low.
There has been interest from both owner-occupiers and potential tenants.
The asking price for the buildings starts at $1,619,000, while the most affordable unit title is priced at $1,120,000.
According to Gubb, a high sales threshold is not required before construction begins, and the project is expected to be completed by early 2028.
