Nichols Crowder are proud to exclusively offer for sale these two remarkable adjoining freeholds with three street frontages, located at 457- 463 Nepean Highway, Frankston.
A landmark site totaling some 1,922 sqm* over 4 titles, in the heart of Frankston CAD with passing income and future expansive development height potential of some 41m* (preferred building height - STCA).
Offering astute developers, investors, or owner occupiers the rare opportunity to purchase two properties either individually (457-459 & 461-463) or combined. A true trophy statement awaits the future of this enviable location at the gateway to the Mornington Peninsula.
Key features include:
* Combined frontage to Nepean Highway of 46.51m*
* Over 132m* combined frontage to Nepean Highway and Thompson Lane
* Activity Centre Zoning with a total land area of some 1,922sqm* (combined)
* 457-459 Nepean Highway land area: 1,048sqm*
* 461-463 Nepean Highway land area: 874sqm*
* For developers a preferred building height of 41 metres* (STCA)
* FMAC Precinct 1: City Centre
* Two sizable existing multi-level office/retail buildings returning approximately $254,696 (combined)
* 457-459 Nepean Highway - Gross income $78,838 p.a. + GST with lots of potential to increase
* 461-463 Nepean Highway - Net income $175,858 p.a. + GST fully leased
* Close to approximately $296 million of approved mixed-use developments along Nepean Highway (3 sites)
* Excellent Frankston CAD location less than 100m* from Bayside Shopping Centre and Cinema Complex and only 500m* walk from Frankston Train Station
* Fronting Nepean Highway and within easy access to M3 Freeway, Peninsula Link and all the beautiful Mornington Peninsula offers.
For further information, please contact the exclusive selling agents Jamie Stuart or Linda Ellis.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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