LANDMARK CORNER FREEHOLD WITH DEVELOPMENT POTENTIAL
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424-426 Nepean Highway, Frankston VIC 3199

By Negotiation

RetailSize: n/a
Block size: 2678 m² approx.
** UNDER ASSESSMENT **  

This high profile corner freehold offers significant value-add and/ or development potential (STCA) and is located in a prime position at the gateway to the Frankston Activity Centre.

Substantial site of 2,678m²* with three street frontages:
- Nepean Highway: 42m*
- Beach Street: 67m*
- Kananook Creek Boulevard: 42m*

Existing 2 level retail and office freehold with a total of 12 ground floor retail tenancies and 14 first floor office suites

Holding income from key tenants including Drummond Golf and Cash Guys

Permit boasts a total NSA of 9,412m²* and will allow for premium ocean and Melbourne CBD views

Flexible Commercial 1 Zoning allowing for both residential or commercial redevelopment (STCA)

Current planning permit for a striking mixed use development including apartments, serviced apartments and associated group floor retail - designed by the renowned Bruce Henderson Architects

Surrounded by exceptional retail & lifestyle amenity & opposite a bustling super regional shopping centre Bayside Centre


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:2678 *
*These are approximate values based on available information.
Gross Waddell ICR Pty Ltd

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Block information
Block size: 2678 (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 424-426 Nepean Highway, Frankston VIC 3199
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Listing ID: 179266693. This listing has been viewed 0 times. It was first displayed on 01/03/2021 and last updated on 08/04/2021.