+6 Photos

SOLD

199 Nepean Highway, Gardenvale, VIC 3185

Properties / Sold / Victoria / Gardenvale

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Retail/Shopping Centre

Land Area

1,112 m² (*approx)

Selling Method

EOI: Closing Wednesday 30 October 2024 at 12PM (AEDT).

EOI Closing Date

30 Oct 2024 12:00PM

Add to calendar

Show All

2. Property Highlights

Exceptional Land Holding with Huge Exposure

1,112 SQM Commercial Zone 2 (CZ2) Land
High Exposure - 50,000+* cars pass daily
Lease expiry May 2025

Knight Frank is pleased to offer for your consideration a high-profile property with massive exposure, 199 Nepean Highway, Gardenvale, For Sale by Expression of Interest closing Wednesday 30 October 2024 at 12PM (AEDT).

Currently tenanted by ‘Budget Car & Truck Rental Brighton’ until May 2025 returning $109,826* net per annum, this property offers opportunity to invest, develop or owner occupy.

The Commercial Zone 2 (CZ2) allows for a wide range of future uses including but not limited commercial office, large format retail, car wash, car dealership, manufacturing and much more (STCA).

Key Features –

- 1,112 sqm landholding with minimal fixtures

- Short-term holding income of $109,826* NET per annum

- Leased to ‘Budget Car & Truck Rental Brighton’ until May 2025

- Commercial Zone 2 (CZ2) Land under the Glen Eira Planning Scheme

- 10km* from Melbourne CBD

- Access via Nepean Highway Service Road

- Rear laneway access

- 200m to Gardenvale Train Station

- Close proximity to Bay Street and Martin Street retail precincts

- Over 50,000* passing cars daily

For Sale by Expression of Interest, closing Wednesday 30 October 2024 at 12PM (AEDT).

Remember to mention you found this property on DevelopmentReady