Stonebridge Property Group have been appointed to market 345 Nepean Highway, Frankston, a mixed use zone development site in this prominent south east/peninsula position.
Acting under instruction from Receivers and Managers, KordaMentha, the property will be sold via public onsite auction, with Julian White, Chao Zhang and Max Warren handling the sale.
The property has a permit for four levels comprising 25 apartments and a shop, plus basement parking, with the basement well advanced in the excavation process. The property also has 14 current pre-sales.
The 1,304sqm landholding is on the corner of the main Frankston arterial, Nepean Highway, only 250m* to Frankston beach, 500m* to the Bayside Central (comprising major supermarkets and retail brands) and 850m* to the Frankston Train Station.
“With such limited quality stock and an extremely healthy residential market supporting end product sales, we believe these two compounding forces result in a quality offering” said selling agent Max Warren. “It’s prime location and access to beachside amenity, plus the inclusion of the already transacted pre-sales forms a complete bayside development package.”
The site is for sale via Public Onsite Auction Thursday 3rd June 2021 at 12.30pm (AEST).
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