June 15, 2018

PRIME DEVELOPMENT SITE

FOR SALE BY TENDER
Closing Wednesday, July 4 at 3:00pm
366-368 Nepean Highway, Frankston

A rare development site (STCA) just 500 metres from Frankston’s CAD is being offered to the market by Nichols Crowder.  Backing onto Kananook Creek and a short walk to the beach and bay, the property is being sold via tender closing Wednesday, July 4 at 3:00pm.

Set on Commercial 1 zoned land of 1,910sqm*, the two existing buildings on the property total 230sqm*.  One of these buildings is currently leased to an art gallery on a monthly tenancy, while the other is a restaurant that is currently vacant.

“This is an ideal property for a developer wanting short-term income while obtaining a permit for a residential or commercial office development (STCA),” explains Linda Ellis, Sales and Leasing Executive.  “The potential views from a new development would be stunning.” she adds.

“Alternatively,” adds Michael Crowder, Director, “We expect a lot of interest from investors that wish to relet the restaurant, with plenty of upside in a great location.”

Inspect by appointment. 

For further details, please contact:

Linda Ellis                                                                Michael Crowder
0400 480 397                                                         0408 358 926
lindae@nicholscrowder.com
                                 mcrowder@nicholscrowder.com

*NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.  All email requests are required to have telephone numbers if to be responded to.