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126-130 Dandenong Road (Corner Donald Avenue), FRANKSTON, VIC 3199

Development Potential
DETAILS
11,200SQM OF MORNINGTON PENINSULA LAND LEASED TO AUSTRALIA'S LARGEST CAR DEALER
  • $1,133,474* NET ANNUAL INCOME
  • TRIPLE NET LEASE TO ASX LISTED TENANT
  • 1.12HA* COMMERCIAL 2 ZONE LANDHOLDING

CBRE Victorian Retail Investments is offering for sale an unrivalled collection of Mornington Peninsula assets, spanning 11,200sqm* and just 500m* from Port Phillip Bay. Being offered to the market for the first time, the opportunity features the key details below:

+1.12ha* gateway Mornington Peninsula landholding

+High exposure combined street frontage of 250m* with four separate points of access to Dandenong Road, Donald Avenue, Baldwyn Street & New Street

+Triple net lease to Australia’s largest car dealer, ASX listed Eagers Automotive (ASX:APE) with a market cap in excess of over $4.2Billion*

+Net annual income of $1,133,474* p.a with highly attractive fixed annual rental increases

+Established quality improvements comprising motor vehicle showrooms with a building area of 3,254sqm*, three service centres, several carwash facilities and significant hardstand area

+Positioned in a highly trafficked Bayside thoroughfare, home to a selection of Australia’s most prominent car dealerships and large format retail operators

+Highly favourable Commercial 2 Zoning (C2Z), providing the opportunity for an intensive form of development and a range of alternative uses (STCA)

+Public transport is in immediate proximity via both Frankston and Kananook Railway Stations, and nearby Frankston & Peninsula Link Freeway Interchanges provide access to all areas of Victoria via Eastlink and Nepean Highway

*Approx.

FOR SALE VIA INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING 24TH NOVEMBER AT 2:00PM (AEDT)

Nathan Mufale

+61 421 224 354

[email protected]

David Minty

+61 422 564 199

[email protected]

Jing Jun (JJ) Heng 王敬君

+61 411 059 116

[email protected]

Scott Hawthorne

+61 400 861 048

[email protected]

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
For Sale:
For Sale:
Contact Agent
Property Area
AREA:
11200 m² (*approx)
Property Type
TYPE:
Commercial, Other, Other
Development Potential
DEVELOPMENT APPROVAL:
Commercial development Opportunity (STCA)

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126-130 Dandenong Road (Corner Donald Avenue), FRANKSTON, VIC 3199

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