Main Road Investment With Huge Upside !

EOI – Leased Investment - 374 Nepean Highway, Frankston

Investment opportunity, Development/Land (Residential, Medical, Offices, Childcare, Retail, Hotel/Leisure), Medical

Overview

Property ID: 16411
Price: Contact Agent
Rent: $127,390 (ex. GST)
Building: 1,268m²
Land: 3,450m²
Zoning: Mixed Use Zone
EOI
04/11/2020 03:00 AM
Add to Calendar 04/11/2020 03:00 AM 04/11/2020 03:00 AM Australia/Melbourne EOI – Leased Investment - 374 Nepean Highway, Frankston Main Road Investment With Huge Upside ! Daniel Philip daniel.philip@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

An irreplaceable income producing property, prominently positioned on Nepean Highway is now available for sale via Expressions Of Interest Closing 4th November 2020 at 3pm.

Situated on a corner land holding of 3,450m2* with a significant combined frontage of 104 metres* to Nepean Highway and currently leased to 4 separate tenants providing a rental return of $127,390.32 net per annum.

Featuring a Mixed Use Zone this high profile property offers unrivalled future developments capability for a residential / mixed use development with potential of up to 5 levels* (STCA) or future redevelopment of the current improvements to provide for age care, commercial office, service industry and more.

Ideally located 160 metres* to Frankston beach, 300 metres* to The Bayside Shopping Centre and 1.3km* to Frankston Train Station.

Property details:
- Total land area: 3,450m2*
- Improvements: 1,268m2*
- Current rental: $127,390.32 net per annum
- Mixed Use Zone
- Potential for 5 levels* (STCA)
- Multiple tenancies
- 104 metre* frontage to Nepean Highway

*Approx.
Pricing excludes GST

Additional Info

Features
TenancyPsoriasis & Eczma Clinic + CPAP Sleep Apneoa + Bayside Chinese Medicine + The Salt Foundation
Lease Term1-3 years
CommencedSee tenancy schedule
Rent ReviewSee tenancy schedule
Bond/GuaranteesSee tenancy schedule
Outgoings PayablePayable by tenant per lease
Air ConditionerYes
Availability30 / 60 / 90 Days
Car Parking FeesNil
Car Spaces30
ConditionVery good
Floorscarpet / tile
LiftsN/A
Roller DoorsN/A
SprinklersYes
Suitable DevelopmentResidential,aged care,commercial, medical,accommodation
Wheel Chair AccessYes
ZoningMixed Use Zone
Outgoings
Owners’ CorporationTBC
Council RatesTBC
Water RatesTBC
Land TaxTBC

Agent Details

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