Premium Development Opportunity With Holding Income
This tremendous Mornington Peninsula development opportunity is now available for private sale.
This substantial site consists of 1,856m2* with a huge 45 metre* frontage to Point Nepean Road.
Current improvements comprise a single level building of 650m2* consisting of a showroom, partitioned offices, amenities and rear workshop capable of holding 15 vehicles.
Currently leased to SRS Motors and Optus Mobile returning a combined rental of $137,100.00 p.a + GST.
Strategically positioned on Point Nepean Road, 130m* from McCrae beach, the property sits amongst an array of cafes / restaurants, Coles, new residential developments, motels and Rosebud Hospital and Rosebud Primary School all within close proximity.
This is an outstanding opportunity for an owner occupier to capitalize on this tremendous location and current improvements, investor or developer to construct a mixed use residential development (STPA) due to a favorable Commercial 1 Zone.
- Substantial land area of: 1,856m2*
- Total building area of: 650m2*
- Frontage to Point Nepean Road of 45m*
- 130 metres to the beach
- Current rental of: $137,100.00 p.a + GST
- Commercial 1 Zone
Please contact CVA for further details.
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1856 m² (*approx)
Mixed-Use Development Site (STCA)