419-423 Nepean Highway,
Frankston, VIC 3199
Shops & Retail • Development Sites & Land
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Map of 419-423 Nepean Highway
Bayside Beauty with Endless Options
- Corner land parcel of 872m²*
- Income producing asset with huge upside
- Suits investors and developers alike
Colliers International is pleased to offer 419-423 Nepean Highway, Frankston for Sale by Expression of Interest closing Thursday 28th March at 3pm.
419-423 Nepean Highway, Frankston represents an excellent opportunity to acquire a prime corner retail asset strategically positioned with significant frontage to Nepean Highway allowing for ample future development potential. The almost perfect position provides access to an abundance of retail, lifestyle, transport and education amenity all while being a mere 250m from the Frankston Foreshore. This impressive leased investment offers the ultimate in development upside and flexibility with its 38m height limit (STCA) as well as a sensational opportunity for an investor to reconfigure and increase rental income from the existing improvements.
Key investment highlights are as follows:
- Substantial 872m²* land allotment benefitting from prime dual street frontage to both Nepean Highway and Ross Smith Avenue
- Significant current passing income of $71,900pa* with estimated fully leased income of $152,000pa*
- Strategically located in the heart of Frankston’s bayside retail core and activity centre
- Favourable Commercial 1 Zoning and 38m height allowance offers clarity in planning as well as enormous development upside in future
-Five shops on one title
-Suits savvy investors or developers
*approx
419-423 Nepean Highway, Frankston represents an excellent opportunity to acquire a prime corner retail asset strategically positioned with significant frontage to Nepean Highway allowing for ample future development potential. The almost perfect position provides access to an abundance of retail, lifestyle, transport and education amenity all while being a mere 250m from the Frankston Foreshore. This impressive leased investment offers the ultimate in development upside and flexibility with its 38m height limit (STCA) as well as a sensational opportunity for an investor to reconfigure and increase rental income from the existing improvements.
Key investment highlights are as follows:
- Substantial 872m²* land allotment benefitting from prime dual street frontage to both Nepean Highway and Ross Smith Avenue
- Significant current passing income of $71,900pa* with estimated fully leased income of $152,000pa*
- Strategically located in the heart of Frankston’s bayside retail core and activity centre
- Favourable Commercial 1 Zoning and 38m height allowance offers clarity in planning as well as enormous development upside in future
-Five shops on one title
-Suits savvy investors or developers
*approx
Property ID: 502719550Last Updated: 22 May 2018
419-423 Nepean Highway
Frankston, VIC 3199
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
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