"The property is situated in the north eastern corner of Nepean Highway and Oak Avenue, approximately 20 kilometres south of the Melbourne central business district. Mentone is a well established and fully developed bayside suburb of Melbourne. The site is zoned 'Commercial 2' which allows for a range of land uses such as supermarket and shop, cinema, service station, large format retail and office. The site has also been identified as a future re-zoning opportunity to allow residential development. Nepean Highway, a major arterial road that provides access between the Mornington Peninsula and the Melbourne central business district, carries large volumes of traffic and subsequently the highway frontage is well developed for commercial uses. Surrounding the property are showroom/service retail properties, large industrial properties and residential land. Following Bunnings lease surrender in mid-2018, the Trust completed in December 2018 works totalling $4.1 million to reconfigure the property for use as a large format retail centre.
Level 14 Brookfield Place,Tower 2,123 St Georges Terrace,PERTH WA 6000
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