Name: 572 Frankston Dandenong Road, Carrum Downs, VIC 3201
Address: 572 Frankston Dandenong Road , VIC, Carrum Downs, VIC, 3201
Telephone: +61 409 335 179

+25 Photos

SOLD

572 Frankston Dandenong Road, Carrum Downs, VIC 3201

Properties / Sold / Victoria / Carrum Downs

Development Potential

1. Property Summary

Property Type

Commercial, Industrial

Sub Type

Other, Land Site

Land Area

5,748 m² (*approx)

Zoning

Industrial 1 Zone

Selling Method

EOI: Contact Agent

EOI Closing Date

13 Dec 2023 02:00PM

Add to calendar

Show All

2. Property Highlights

Best Corner in Carrum Downs - 176m* Dual Street Frontage

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 13TH DECEMBER 2023 AT 2PM

Nichols Crowder is delighted to bring to market, for the first time in 22 years 572 Frankston-Dandenong Road, Carrum Downs. These opportunities don't come around very often.

Arguably the best corner in Carrum Downs, this site boasts 5,749sqm* of prime Industrial 1 land. Fronting onto both Frankston-Dandenong Road and Lathams Road with crossovers to both. This site is adjacent to the Carrum Downs Lifestyle Centre and is only 2km* to Peninsula Link and Eastlink on/off ramps.

With a total building area of 1,707sqm* which is only 29%* site coverage, there is massive scope for developers.

Anchored with the main tenant being Bursons Automotive who are on their last 3-year lease term, the opportunities are endless. Develop, move in 3 years or land hold. You choose!

Key features include:

* Total land area: 5,749sqm*

* Total building area: 1,707sqm*

* Impressive frontage onto two main roads totalling 176m*

* Two crossovers

* Industrial 1 Zone

* Combined current rental income of $231,704 p.a.* + GST + Outgoings

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.

Remember to mention you found this property on DevelopmentReady