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Nichols Crowder are proud to exclusively offer for sale these two remarkable adjoining freeholds with three street frontages, located at 457- 463 Nepean Highway, Frankston.
Impressive buildings of some 1,590sqm* over 2 premises, in the heart of Frankston CAD with passing income and future expansive value-add potential to an owner occupier.
Offering astute owner-occupiers, investors, or developers the rare opportunity to purchase two properties either individually (457-459 & 461-463) or combined. A true trophy statement awaits the future of this enviable location at the gateway to the Mornington Peninsula.
Key features include:
* Total combined building areas: 1,590sqm*
* 457-459 Nepean Highway building area: 850sqm*
* 461-463 Nepean Highway building area: 740sqm*
* Offering covered concrete parking areas and additional on-site parking
* Over 132m* combined frontage to Nepean Highway and Thompson Lane
* Activity Centre Zoning with a total land area of some 1,922sqm* (combined)
* For future value-add or additional space, council planning allows for a preferred building height of 41 metres* (STCA)
* 457-459 Nepean Highway - Gross income $78,838 p.a. + GST with lots of potential to increase
* 461-463 Nepean Highway - Net income $175,858 p.a. + GST fully leased
* Close to approximately $296 million of approved mixed-use developments along Nepean Highway (3 sites)
* Excellent Frankston CAD location less than 100m* from Bayside Shopping Centre and Cinema Complex and only 500m* walk from Frankston Train Station
* Fronting Nepean Highway and within easy access to M3 Freeway, Peninsula Link and all the beautiful Mornington Peninsula offers.
For further information, please contact the exclusive selling agents Jamie Stuart or Linda Ellis.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Remember to mention you found this property on CommercialReady
Nichols Crowder are proud to exclusively offer for sale these two remarkable adjoining freeholds with three street frontages, located at 457- 463 Nepean Highway, Frankston.
Impressive buildings of some 1,590sqm* over 2 premises, in the heart of Frankston CAD with passing income and future expansive value-add potential to an owner occupier.
Offering astute owner-occupiers, investors, or developers the rare opportunity to purchase two properties either individually (457-459 & 461-463) or combined. A true trophy statement awaits the future of this enviable location at the gateway to the Mornington Peninsula.
Key features include:
* Total combined building areas: 1,590sqm*
* 457-459 Nepean Highway building area: 850sqm*
* 461-463 Nepean Highway building area: 740sqm*
* Offering covered concrete parking areas and additional on-site parking
* Over 132m* combined frontage to Nepean Highway and Thompson Lane
* Activity Centre Zoning with a total land area of some 1,922sqm* (combined)
* For future value-add or additional space, council planning allows for a preferred building height of 41 metres* (STCA)
* 457-459 Nepean Highway - Gross income $78,838 p.a. + GST with lots of potential to increase
* 461-463 Nepean Highway - Net income $175,858 p.a. + GST fully leased
* Close to approximately $296 million of approved mixed-use developments along Nepean Highway (3 sites)
* Excellent Frankston CAD location less than 100m* from Bayside Shopping Centre and Cinema Complex and only 500m* walk from Frankston Train Station
* Fronting Nepean Highway and within easy access to M3 Freeway, Peninsula Link and all the beautiful Mornington Peninsula offers.
For further information, please contact the exclusive selling agents Jamie Stuart or Linda Ellis.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Remember to mention you found this property on CommercialReady
457 - 463 Nepean Highway, Frankston, VIC, 3199
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
