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203 Nepean Highway
Mentone, VIC 3194
$2,000,000-$2,200,000
Overview
203 Nepean Highway, Mentone- VIC 3194
This property presents a rare opportunity to acquire a mixed-use development site with Town Planning approval in a highly sought-after area of South East Melbourne. The existing permit authorizes the construction of 22 contemporary apartments, comprising 18 two-bedroom units, two one-bedroom plus study apartments, and two one-bedroom apartments. The development also includes a ground-floor retail or showroom space, enhancing the site's commercial potential.
Occupying a prominent corner position, the site spans approximately 785 square meters of prime land, offering excellent street exposure and convenient access. This makes it an attractive proposition for both residential and commercial purposes. The location is highly convenient, situated close to key amenities such as Southland Shopping Centre, Woolworths, the local train station, and the beach, making it ideal for those seeking quality living in the South Eastern suburbs.
With the planning permit already secured, this site offers developers a genuine speed-to-market opportunity, allowing them to confidently bring this vibrant project to fruition. The combination of residential apartments and commercial space caters to the growing demand for versatile and well-located properties in the area.
Prospective buyers are encouraged to conduct their own due diligence to verify all information and assess the potential of this exceptional development site. This opportunity is well-suited for developers looking to capitalize on a prime location with established planning approval in a thriving community.
Location
Mentone VIC 3194
Market Insights for Mentone VIC 3194
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