725 Point Nepean Road,
McCrae, VIC 3938
Development Sites & Land • Showrooms & Large Format Retail
Key property information
Land area
Floor area
Zoning
Tenure type
Sold on
Map of 725 Point Nepean Road
Premium Development Opportunity With Holding Income
This tremendous Mornington Peninsula development opportunity is now available for private sale.
This substantial site consists of 1,856m2* with a huge 45 metre* frontage to Point Nepean Road.
Current improvements comprise a single level building of 650m2* consisting of a showroom, partitioned offices, amenities and rear workshop capable of holding 15 vehicles.
Currently leased to SRS Motors and Optus Mobile returning a combined rental of $137,100.00 p.a + GST.
Strategically positioned on Point Nepean Road, 130m* from McCrae beach, the property sits amongst an array of cafes / restaurants, Coles, new residential developments, motels and Rosebud Hospital and Rosebud Primary School all within close proximity.
This is an outstanding opportunity for an owner occupier to capitalize on this tremendous location and current improvements, investor or developer to construct a mixed use residential development (STPA) due to a favorable Commercial 1 Zone.
Property summary:
- Substantial land area of: 1,856m2*
- Total building area of: 650m2*
- Frontage to Point Nepean Road of 45m*
- 130 metres to the beach
- Current rental of: $137,100.00 p.a + GST
- Commercial 1 Zone
Please contact CVA for further details.
* Approximatly
This substantial site consists of 1,856m2* with a huge 45 metre* frontage to Point Nepean Road.
Current improvements comprise a single level building of 650m2* consisting of a showroom, partitioned offices, amenities and rear workshop capable of holding 15 vehicles.
Currently leased to SRS Motors and Optus Mobile returning a combined rental of $137,100.00 p.a + GST.
Strategically positioned on Point Nepean Road, 130m* from McCrae beach, the property sits amongst an array of cafes / restaurants, Coles, new residential developments, motels and Rosebud Hospital and Rosebud Primary School all within close proximity.
This is an outstanding opportunity for an owner occupier to capitalize on this tremendous location and current improvements, investor or developer to construct a mixed use residential development (STPA) due to a favorable Commercial 1 Zone.
Property summary:
- Substantial land area of: 1,856m2*
- Total building area of: 650m2*
- Frontage to Point Nepean Road of 45m*
- 130 metres to the beach
- Current rental of: $137,100.00 p.a + GST
- Commercial 1 Zone
Please contact CVA for further details.
* Approximatly
McCrae, 3938 demographic data
The median household income for McCrae is $1,433, 25% lower than Greater Melbourne's household income of $1,901. McCrae has an older age profile compared to the rest of Greater Melbourne (median age 55 vs 37). Property ownership data shows 35% of property owners in McCrae have a mortgage.
3,311
Population
$1,433 per week
Median household income
55 years
Median age
Owners
Most residents
Families
Most households
CVA Property Consultants - Melbourne
18-20 Russell StreetMELBOURNE, VIC 3000
725 Point Nepean Road
McCrae, VIC 3938
CVA Property Consultants - Melbourne18-20 Russell Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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