Aston are pleased to present 24 Beach Street, Frankston for Immediate Private Sale.
This prime Commercial 1 Zoned freehold property is strategically positioned directly adjoining the entrance to the popular Bayside Shopping Centre in a highly sought after location and is ready to occupy or develop.
The features:
Total land area of 498m²*
Total building area of 424m²*
Substantial double frontage of 12.2m*
Prominently positioned next to Vicinity Bayside
Open-plan layout suitable for a variety of uses
Rear access with loading zone & on-site parking
Aussie Disposals have been in occupation for 51 years
Short-term holding income of $7,291 pcm* + GST + Outgoings
Favourable Commercial 1 Zoning allowing a range of mixed use development outcomes
Occupy, invest or develop (STCA)
Potential to subdivide into 2 shops
Little vacancy within the Beach Street strip
Excellent access to major arterials & public transport
Proposed building height of 16-storey (54 metres*)
Frankston is undergoing a significant transformation with the council currently proposing the Frankston Activity Centre Structure Plan which allows for far more favourable development outcomes within the precinct.
This is a rare opportunity to secure a prime freehold building in the heart of Frankston's CBD immediately adjacent to the Vicinity Shopping Centre and surrounded by major retailers with the potential for significant development upside.
For a confidential discussion or to arrange a private inspection, please contact the exclusive marketing agents.
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