457-463 Nepean Highway, Frankston, VIC, 3199

Nichols Crowder are proud to exclusively offer for sale this exciting substantial freehold with two street frontages, located at 467 -459 Nepean Highway, Frankston.

Offering astute developers, investors and owner occupiers the opportunity to purchase this prime site totalling some 1,048sqm* on freehold Titles, right in the heart of Frankston CAD. With passing income and future expansive development height potential of some 41m* (preferred building height -STCA). This exciting property offers many opportunities for growth.

A true trophy statement awaits the future of this enviable location at the gateway to the Mornington Peninsula.

Key features include:

* Nepean Highway frontage of 25.18m*

* Facing Nepean Highway with Thompson Lane at the rear

* Activity Centre Zone with a total land area of some 1,048sqm*

* FMAC Precinct 1: City Centre

* For future developers a preferred building height of 41m* (STCA)

* Offering a sizable existing multi-level office/retail building of approximately 850sqm*, plus associated car parking area

* Returning approximately $78,853 per annum gross with ample opportunity to occupy or lease out numerous vacant spaces

* Close to approximately $340 million of approved mixed-use developments along Nepean Highway (4 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.

* Also on the market for sale is the adjoining property at 461-463 Nepean Highway. Please refer to that listing. Together 457-463 Nepean Highway offer combined land area of 1,922sqm*.

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.

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