ISLAND SITE AT THE ENTRANCE TO BAYSIDE CENTRE
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25-33 Ross Smith Avenue, Frankston VIC 3199

By Negotiation

RetailSize: n/a
Block size: 1226 m² approx.
** UNDER ASSESSMENT **  

This prime retail freehold occupies a bustling position in the heart of Frankstons retail core and presents substantial value-add or development potential (STCA).

Substantial landholding of 1,226m²* with flexible Commercial 1 zoning

An island site with 5 retail tenancies with a total building area of 934m²*

Enormous potential to refurbish the existing tenancies, reconfigure the existing layout and/or occupy the tenancies

Ideal apartment/mixed use, hotel or commercial development (STCA)

Offering holding income and a potential fully let (fully refurbished) income of $330,000* p.a.

Located at the entrance to Bayside Centre with immediate access to the thriving food court and Myer store

Prime position with Frankstons newly refurbished train station, Station Street Mall, Chisholm Institute and Peninsula Aquatic Recreation Centre merely moments from the doorstep

Total of 141 metres* frontage across the 4 street frontages:
- Ross Smith Avenue: 38m*
- R.O.W.: 35m*
- Eastern Boundary: 27m*
- Western Boundary: 41m*


The property is for sale via Expressions of Interest closing Wednesday the 31st of March at 3pm. For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Alex Ham to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Retail
Block Size:1226 *
Stamp Duty:$178,620*
*These are approximate values based on available information.
Gross Waddell ICR Pty Ltd

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Block information
Block size: 1226 (approx)
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Property history
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Suburb and property insights

Median salesMedian sales
 
Average Age
41 years
Population
36,097
Frankston's Property Profile
Frankston's Occupancy

Contact agents

Gross Waddell ICR Pty Ltd

Gross Waddell ICR Pty Ltd

View agency details
Alex HamGross Waddell ICR Pty Ltd
Danny ClarkGross Waddell ICR Pty Ltd
Please send me information on 25-33 Ross Smith Avenue, Frankston VIC 3199
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Listing ID: 179266980. This listing has been viewed 1 time. It was first displayed on 01/03/2021 and last updated on 08/04/2021.
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