Situated in the heart of Frankston, walking distance to Bayside shopping and 300m to the beach, this substantial corner block measuring of approximately 3420m2 in Commercial Zone 1 is ripe for multi-level development, potential to build up to 66 apartments (STCA).
The consulting suite consists of reception area, offices, meeting rooms and storage facilities, a huge car park, and floor area of 1215sqm (approx) currently rental return of $104,400 pa GST included until 2017, if suite 1 and 3 are fully leased can generate extra up to $156,000 rental income per year.
Easy access to Eastlink, Freeway, public transport and train station, this is a perfect opportunity to develop or invest in the Melbourne’s Premier Bayside capital.