411 Nepean Hwy 2,766 SF Office Building Chelsea, VIC 3196 $1,157,920 ($418.58/SF)

411 Nepean Highway presents a rare opportunity to secure a highly exposed, modernized two-level commercial building in the heart of Chelsea. Originally constructed as an ANZ bank, the property has been extensively upgraded and is now leased to an established real estate agency under a new three-year lease commencing 03/10/2025, with four further three-year options and annual rental increases.
The building offers approximately 257 m² of internal area on a landholding of around 285 m², providing a functional layout across multiple zones. Features include a fitted kitchen and lunch area with cabinetry, commercial heating and cooling systems, security alarm, and male/female amenities with three toilets. The property also includes a storeroom with the original bank vault and five onsite car parks.
Zoned Commercial 1 (C1Z), the property benefits from excellent exposure along Nepean Highway and overlooks the newly built Chelsea train station, ensuring strong connectivity and visibility. With a secure lease in place, modern improvements, and potential for future development (STCA), this asset offers both immediate income and long-term growth potential in a well-established bayside location.