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435 Nepean Highway Frankston, VIC 3199

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435 Nepean Highway,
Frankston, VIC 3199

Offices • Shops & Retail • Development Sites & Land

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'PENINSULA CENTRE' EXISTING BAYSIDE LANDMARK WITH WATER VIEWS

FOR SALE
* Unrivalled opportunity in the heart of a designated Central Activities District
* Mixed use permit for serviced offices/hotel
* Retail and Previous approval for residential apartment project
* Current income from roof top transmission towers
* Total building area of 8,300sqm * - 2 street frontages

Current permit for Hotel, Conference Centre and Serviced Offices.
Strong demand for Residential Apartments - previous permit has lapsed but easily resurrected.
No new offices built in CAD for over 20 years and strong demand for whole floors.
Yes it needs a make-over, but this is a Grollo Building with 3 lifts, basement parking, spectacular bay views, income from rooftop transmission towers and at about $1500m2 for the building, it is a very good buy.

For more information, please contact:
Nichols Crowder - Geoff Crowder 0418 531 6...

Property ID: 5721006Last Updated: 5 Dec 2013

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435 Nepean Highway
Frankston, VIC 3199
CB Richard Ellis - VIC
Level 32, Rialto North Tower 525 Collins St
MELBOURNE, VIC 3000

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