Located in the heartland of the CBD and within the "City Centre Station Periphery Overlay" has the development potential of up to 16 levels (STCA).
Includes and extensive 73sqm (approx) frontage to Young Street and provides excellent access to Station Street, Gallery Lane and Stiebel Street.
Major capital and infrastructure spending;
In excess of $2billion of Private and Government spending has been committed in recent time to this major growth precinct in recent times is a demonstration of both vision and belief in the Frankston precinct.
Current Location factors that makes this unique Frankston site such a desirable development opportunity are:
• Public Transport interchange and railway station, Bayside Shopping Centre, Chisholm Institute, Frankston Hospital, Monash Mornington Peninsula Campus along with Cultural and Performing Arts and Law Courts.
• The South Eastern area of Melbourne is the most sought after corridor for all Commercial and Residential Real Estate with significantly more funding and projects anticipated.
Key Factors are as follows:
• Total combined land area of both sites on offer is 4,558sqm approx.
• 62-86 Young Street Frankston land 2,632sqm approx. and 7 and 7A - 7E Station Street Frankston (Incorporating 19 Stiebel Street Frankston) land 1,926sqm
Method of Sale by way of Expressions of Interest Closing 4.00pm on 30th November if not sold prior.
10% Deposit Settlement on 30th November 2023 or sooner by mutual agreement.
For further details and information memorandum please contact exclusive selling agents:
Myles Snow on 0418 314 109
Tom Ayfantis on 0408 574 048
Remember to mention you found this property on DevelopmentReady
