POINT OF INTEREST:
This profile site has a land holding of 1,715 sqm* on a flexible Commercial 1 zoning. Previously occupied by a national car dealership, the site lends itself to a multitude of options from owner occupiers seeking a high profile position to developers seeking to unlock the huge underlying land value.
With an approved planning permit for a hotel and apartment complex, the opportunity is underpinned by advanced leasing interest from a national hotel operator to occupy the 61 room hotel on attractive lease terms.
For owner-occupiers, the possibilities are endless, with existing improvements for value add measuring 387 sqm* and two titles, but it’s the 72 m* of prime frontage to Nepean Highway that will see your signage reach thousands of daily commuters. Amongst the suppliers of every kind of household necessity like Woolworths, Terry White Chemist, and Bakers Delight next-door, the affluent Mentone is also the suburb where schools flourish — and there are over 20 of them within 3 km* from this site.
Do with that what you will, but we’re forecasting a bustling fast-food hub, automotive, bulky goods showroom, or a commercial and residential hybrid building where commuting to the rest of Melbourne is a matter of stepping outside.
- 1,715 sqm* total land area.
- 387 sqm* total building area.
- Approved planning permit.
- Current leasing interest from an established hotel operator.
- 72 m* frontage to Nepean Highway.
- Commercial 1 zoning.
- Exposure to over 57,000 vehicles daily.
- Next door to Thrift Park Shopping Centre.
- 20 schools within 3 km*.
POINT OF VIEW:
Yes, the data says that over 57,000 commuters pass this site daily. But that doesn’t account for the eye lines gazing here to make the turn into Thrift Park. Buy into a location that not only turns heads, but slows traffic.
*Approx.
Pricing excludes GST