446-450 Nepean Highway, Frankston, VIC, 3199


SIGNIFICANT PERMITTED BAYSIDE OPPORTUNITY

For Sale by Expression of Interest Closing Wednesday 5th December at 2pm
 
Colliers International is pleased to offer 446-450 Nepean Highway, Frankston for Sale by Expression of Interest closing Wednesday 5th December at 2pm.
 
446-450 Nepean Highway, Frankston represents an excellent opportunity to acquire a permit approved development site strategically positioned with significant double frontage to both Nepean Highway and Kananook Creek. This prime development opportunity is aided by an approved 11 storey commercial permit with the scope to reconfigure to hotel or mixed use (STCA).
 
Key investment highlights are as follows:
  • Substantial 3,108m² land allotment benefitting from prime dual double frontage to both Nepean Highway and Kananook Creek
  • Plans and permit approved for 11-storey commercial office development offering uninterrupted views of the bay
  • Flexibility with the scope to amend into a hotel/mixed use development (STCA)
  • Perfect location in the heart of the Nepean Highway retail precinct
  • Short term holding income
 
Colliers International
 
Ted Dwyer 0411 312 165
 
Raphael Favas 0435 916 380
 
Ben Baines 0438 328 407

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