April 15, 2016

Medical Precinct Auction

1 – 3 Vera Street, Frankston
Friday 6th May at 12noon on site

Nichols Crowder Property Solutions is proud to announce the sale of a prime piece of Real Estate, 1 – 3 Vera Street, Frankston, to be auctioned Friday the 6th of May at 12noon on site.

The property comprises two buildings on a double block of 1772m² (approx.).  The buildings are suitable for many uses (STCA), and could be used as they are or easily converted. In addition, there are 20 car spaces on site and in the plan of consolidation, the zoning is “General Residential” under the Frankston Planning Scheme.

Nichols Crowder selling agent Geoff Crowder said, “The Sale is on behalf of the Christian Brethren Trust who has used one building as a Church and meeting hall with attached kitchen and offices.  The other building was used for instruction and small gatherings.”

Situated very close to Frankston CAD, and within walking distance of Monash University and Frankston General Hospital, the property is positioned in a popular location for businesses allied to medicine and health.

Nichols Crowder selling agent Linda Ellis added, You will see a predominance of businesses allied to Medicine and Health nearby, concentrated because of its proximity to the relatively new Frankston Private Hospital which is already undergoing a major $40m expansion; Frankston General Hospital has also recently completed a $80m expansion.”

Subject to Council approval there are many other prospective uses such as clubs, health and fitness, allied health professions including dentistry and education etc (all STCA). There is also the realistic option of residential development, particularly student accommodation and apartments.

Geoffrey Crowder                 Linda Ellis
0418 531 611                          0400 480 397