379-381 Nepean Highway, Frankston | Property for sale | Savills
1,464 sq m
Price on application

379-381 Nepean HighwayFrankston

  • New
Development land
1,464 sq m

Key features

  • 1,464sqm* corner landholding
  • Holding income of $125,712 p.a
  • Flexible Mixed Use Zone

Significant Corner Freehold with Development Upside

About this property

  • 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

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of Interest1464.00sq mNew Listing

All content © copyright Savills. All rights reserved. Savills plc is a holding company, subsidiaries of which are authorised and regulated by the Financial Conduct Authority (FCA) Savills (UK) Limited. A subsidiary of Savills plc. Registered in England No 2605138. Registered office: 33 Margaret Street, London, W1G 0JD. Savills Commercial Limited. A subsidiary of Savills plc. Registered in England No 2605125. Registered office: 33 Margaret Street, London, W1G 0JD Savills Italy S.r.l. a sole quota-holder company, registered office in Milano, Via Manzoni 37, registered with the Company Register of Milan at No 07171511004, subject to management and coordination of the parent company Savills Plc., pursuant to Article 2497-bis of the Italian Civil Code. Savills Italia S.r.l. a sole quota-holder company, registered office in Milano, Via Manzoni 37, registered with the Company Register of Milan No 07541860156, subject to management and coordination of the parent company Savills Plc., pursuant to Article 2497-bis of the Italian Civil Code.

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