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157-159 Nepean Highway, MENTONE VIC, 3194

Sold

Property Sold in 157-159 Nepean Highway, MENTONE VIC, 3194

Listing ID:
11356040
Status:
Sold
Last Updated:
12/12/2019
Icon building

Property Type

Retail
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Land Area

2362 SQM
Icon size

Floor Area

240 SQM
Icon parking

Parking

N/A

TROPHY BAYSIDE INVESTMENT NESTLED BETWEEN TWO ARTERIAL ROADS

Savills is thrilled to offer for sale this premium bayside investment benefiting from a high profile location at 157-159 Nepean Highway, Mentone. The property represents a truly remarkable opportunity to acquire a first class asset fronting two of Melbourne’s busiest roads.

The key attributes of this outstanding property include:
- Leased on long 12 year term with options extending to 2043
- Modern restaurant with drive thru and 35 on-site carparks
- KFC has over 650 stores nationwide
- Currently returning $262,836 per annum*
- Commercial 1 zoning
- Dual street frontage to Nepean Highway & Lower Dandenong Road
- Over 57,000 cars pass the site daily^
- Large strategic landholding of 2,362sq m* with huge future upside
- Close proximity to Mentone Activity Centre which includes a variety of national retailers and Mentone Train Station

*Approx.

For further information please contact:

Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Yvonne Zhou - 0415 100 831

For more details, please email agent

Savills Melbourne

Level 29, South Tower, 80 Collins Street, , Melbourne, VIC 3000


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