Prominent Corner Location With Permits

Sale Details

Sold on 16 Nov 2018

Description

This high profile property is now available for Private Sale.

Prominently positioned on the corner of Frankston Dandenong Road and Hall Road comprising a substantial total land area of 2,773m2*. This property is enhanced by an existing single level building comprising 505m2* previously occupied by La Prochetta Restaurant.

This property offers a tremendous amount of development potential for industries such as childcare, medical, fast food, service station, retail and more (STCA) or take advantage of the current plans and permits for 34 apartments over 3 levels with on grade car parking.

Located in Carrum Downs which is 36kms* from the Melbourne CBD, this property is within close proximity to Carrum Downs Shopping Centre, Rowellyn Park Primary School, Carrum Downs Secondary College, only 1.3kms* to the Mornington Peninsula Freeway and 3kms* to Eastlink.

Median 1 - 2 bedroom apartment price in Carrum Downs is $398,000.00 - $470,500.00.

Property Features:
- Substantial land area of 2,773m2*
- General Residential Zone - Schedule 3
- Plans and permits for 34 apartments
- Existing improvements of 505m2*
- Suit owner occupier or developer
- Tremendous exposure
- 77 on-site car spaces
- Dual access

Please contact CVA for further information

Approximately*