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379-381 Nepean Highway, Frankston, VIC 3199

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379-381 Nepean Highway, Frankston, VIC 3199
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379-381 Nepean Highway, Frankston, VIC 3199

379-381 Nepean Highway, Frankston, VIC 3199

Properties / Buy / Victoria / Frankston
Development Potential

1. Property Summary

Property Type
Residential, Commercial, Mixed Use
Sub Type
Units, Office
Land Area
1,464 m² (*approx)
Selling Method
EOI: Closing Wednesday 23 October at 2pm.
DOCUMENTS AVAILABLE
Request Access
EOI Closing Date
23 Oct 2024 02:00PM
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2. Property Highlights

Significant Corner Freehold with Development Upside
  • 1,464sqm* corner landholding
  • Holding income of $125,712 p.a
  • Flexible Mixed Use Zone

Savills is delighted to offer for sale this versatile corner freehold located at 379-381 Nepean Highway, Frankston.

The property is currently improved by an existing two level office & 4 residential units which are leased, providing holding income. The property is also situated within the Frankston Activity Centre which outlines a preferred building height of 42 metres*.

Key attributes of the property include:

• Ideal corner landholding of 1,464sqm*

• Combined frontage of 74 metres* to Nepean Highway & Ogrady Avenue

• Existing two-level office freehold & 4 residential units returning $125,712 p.a

• Flexible Mixed-Use Zone with a preferred building height of 42 metres*

• Adjacent to Castlerock’s $50million office development set to be occupied by the Victorian State Government

• Excellent Frankston CBD location moments from Bayside Centre hosting over 200+ retailers

• 100m* from Frankston CBD providing access to Frankston Train Station, Chisholm Tafe & more

• Easy access major arterials including Nepean Highway & M3 Freeway providing CBD access

*Approximate

For Sale by Expressions of Interest closing Wednesday 23 October at 2pm.

For further information please contact:

Tanya Su - 0430 302 950

Beau Bakhtani - 0412 159 038

Benson Zhou - 0458 488 888

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom

1. Property Summary

Property Type
Residential, Commercial, Mixed Use
Sub-type
Units, Office
Land Area
1,464 m² (*approx)
Selling method
EOI: Closing Wednesday 23 October at 2pm.
DOCUMENTS AVAILABLE
Request Access
EOI Closing Date
23 Oct 2024 02:00PM
Add to calendar

2. Property Highlights

Significant Corner Freehold with Development Upside
  • 1,464sqm* corner landholding
  • Holding income of $125,712 p.a
  • Flexible Mixed Use Zone

Savills is delighted to offer for sale this versatile corner freehold located at 379-381 Nepean Highway, Frankston.

The property is currently improved by an existing two level office & 4 residential units which are leased, providing holding income. The property is also situated within the Frankston Activity Centre which outlines a preferred building height of 42 metres*.

Key attributes of the property include:

• Ideal corner landholding of 1,464sqm*

• Combined frontage of 74 metres* to Nepean Highway & Ogrady Avenue

• Existing two-level office freehold & 4 residential units returning $125,712 p.a

• Flexible Mixed-Use Zone with a preferred building height of 42 metres*

• Adjacent to Castlerock’s $50million office development set to be occupied by the Victorian State Government

• Excellent Frankston CBD location moments from Bayside Centre hosting over 200+ retailers

• 100m* from Frankston CBD providing access to Frankston Train Station, Chisholm Tafe & more

• Easy access major arterials including Nepean Highway & M3 Freeway providing CBD access

*Approximate

For Sale by Expressions of Interest closing Wednesday 23 October at 2pm.

For further information please contact:

Tanya Su - 0430 302 950

Beau Bakhtani - 0412 159 038

Benson Zhou - 0458 488 888

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential
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4. Property Location

379-381 Nepean Highway, Frankston, VIC 3199

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5. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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379-381 Nepean Highway, Frankston, VIC 3199 Frankston
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Savills - VIC
Savills - VIC
Level 29, South Tower, 80 Collins Street, Melbourne, VIC, 3000
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Tanya Su
Tanya Su
+61 *** *** *** show +61 430 302 950
Beau Bakhtani
Beau Bakhtani
+61 *** *** *** show +61 412 159 038
Benson Zhou
Benson Zhou
+61 *** *** *** show +61 458 488 888
Enquire