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.
- 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
Pricing excludes GST