** UNDER ASSESSMENT **
This high profile corner freehold offers significant value-add and/ or development potential (STCA) and is located in a prime position at the gateway to the Frankston Activity Centre.
• Substantial site of 2,678m²* with three street frontages:
- Nepean Highway: 42m*
- Beach Street: 67m*
- Kananook Creek Boulevard: 42m*
• Existing 2 level retail and office freehold with a total of 12 ground floor retail tenancies and 14 first floor office suites
• Holding income from key tenants including Drummond Golf and Cash Guys
• Permit boasts a total NSA of 9,412m²* and will allow for premium ocean and Melbourne CBD views
• Flexible Commercial 1 Zoning allowing for both residential or commercial redevelopment (STCA)
• Current planning permit for a striking mixed use development including apartments, serviced apartments and associated group floor retail - designed by the renowned Bruce Henderson Architects
• Surrounded by exceptional retail & lifestyle amenity & opposite a bustling super regional shopping centre – Bayside Centre
The property is for sale via Expressions of Interest closing Wednesday the 31st of March at 3pm. For further information or to organise an inspection, please contact Gross Waddell ICR directly.