No images are available for this property

374-378 Nepean Highway, Frankston, VIC 3199

Medical | Offices | Development/Land

Sold

  • Property ID: 391077
  • Floor Area: 1281m²
  • Land Area: 3405m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 1281m2 3405m2 Contact Agent
LONGSTANDING FREEHOLD MEDICAL INVESTMENT PROPERTY WITH SIGNIFICANT DEVELOPMENT POTENTIAL ON CLOSE TO 1 ACRE OF BEACHSIDE LAND

CBRE Victorian Health, Aged & Child Care are delighted to present for your consideration this outstanding Freestanding Medical opportunity on close to 1 Acre of beachside land, located at 374-378 Nepean Highway, Frankston.

With over 10 years of service to the surrounding community this property is tenanted by two national medical tenants providing exceptional short term income. The site offers strong development upside with the ability the potential for a multi-level development (STCA) giving uninterrupted sea views. The property further boasts the following;

- Corner location with a combined street frontage of over 104m* and 3,405sqm* of land favourably zoned Commercial 1

- Quality existing improvements of 1,281sqm* plus 30 at grade car spaces onsite

- Leased to national brand tenants Psoriasis Eczema Clinic Australia (4 national locations) and CPAP Australia (13 national locations)

- Strong passing income with immediate rental uplift potential

- Within walking distance to one of Victoria's most popular beaches (220m*), the Bayside Shopping Centre (500m*) and Frankston Train Station (750m*)

For further information please contact the exclusive sales agents below:

Josh Twelftree
+61 452 524 985

Scott Orchard
+61 425 760 712

Sandro Peluso
+61 418 389 757

*approx

Frankston Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2495 --- ---
Offices --- $617 ---
Retail $5907 $200 3.38%
This is the average advertised price, rent and yield for Frankston, VIC 3199*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×