LANDMARK CORNER FREEHOLD WITH DEVELOPMENT POTENTIAL
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.
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.
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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 m²*
*These are approximate values based on available information.
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Block information
Block size: 2678m² (approx)
No block information available
Measurements are estimates only and based on data provided under licence from
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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.