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Commercial, Mixed Use
374 Nepean Highway, Frankston, VIC 3199

Property details

  • Property ID:
    25394
  • EOI:
    Contact Agent
  • Area:
    3450 m2 (*approx)
  • Type:

    Commercial:

    Mixed Use:

  • Development Potential:
    Multi level mixed use development potential (STCA)
Agency information
Daniel Philip
John Nockles

Overview

Main Road Medical Investment With Huge Upside !

374 Nepean Highway, Frankston isn’t only just about secured income as a mutli-tenancy medical investment !

An irreplaceable future development site, which provides for uninterrupted ocean views and multi level mixed use development potential, this property is being offered for sale via Expressions Of Interest.

Situated on a prominent mixed use corner land holding of 3,450m2* with a combined 104 metre* frontage to Nepean Highway and currently leased to three internationally recognised medical tenancies providing a net return of $115,920.00 per annum.

3 vacant suites comprising 800m2* providing for significant future rental growth or suitable to the owner occupier.   

Unrivaled future developments could consist of 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. 

Property details: 

- Total land area: 3,450m2*

- Improvements: 1,268m2*

- Fully let potential: $390,000.00 per annum net

- Current rental: $115,920.00 per annum

- 800m2 of vacancy suitable to the owner occupier or future tenants

- Mixed Use Zone

- Potential for 5 levels (STCA)

- Multiple tenancies 

- 104 metre* frontage to Nepean Highway

*Approx.

Pricing excludes GST

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

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