379-381 Nepean Highway Frankston VIC 3199

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