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457-459 Nepean Highway 20,688 SF 100% Leased Office Building Frankston, VIC 3199 For Sale
Investment Highlights
- Prominent Nepean Highway frontage providing strong visibility in a high-traffic corridor.
- Improved with a multi-level office/retail building generating gross income of $78,838 p.a. + GST, with potential for rental uplift.
- Excellent connectivity to M3 Freeway, Peninsula Link, and the Mornington Peninsula lifestyle precinct.
- Zoned Activity Centre with a preferred building height of 41 meters (STCA) under FMAC Precinct 1: City Centre.
- Located less than 100 meters from Bayside Shopping Centre and 500 meters from Frankston Train Station.
Executive Summary
Positioned in the heart of Frankston’s Central Activity District, this freehold offers a rare opportunity for investors and developers seeking a high-profile site with strong upside potential. The property spans approximately 1,048 sqm* with a substantial frontage to Nepean Highway, delivering exceptional exposure in a thriving commercial precinct. Currently improved with a multi-level office/retail building, the asset generates a gross income of $78,838 p.a. + GST, with scope for future rental growth.
Activity Centre zoning and inclusion within FMAC Precinct 1: City Centre provide significant development flexibility, including a preferred building height of up to 41 meters (STCA). Located less than 100 meters from Bayside Shopping Centre and within walking distance to Frankston Train Station, this property benefits from proximity to major retail, transport, and lifestyle amenities. Easy access to M3 Freeway and Peninsula Link further enhances connectivity to Melbourne and the Mornington Peninsula.
Activity Centre zoning and inclusion within FMAC Precinct 1: City Centre provide significant development flexibility, including a preferred building height of up to 41 meters (STCA). Located less than 100 meters from Bayside Shopping Centre and within walking distance to Frankston Train Station, this property benefits from proximity to major retail, transport, and lifestyle amenities. Easy access to M3 Freeway and Peninsula Link further enhances connectivity to Melbourne and the Mornington Peninsula.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
20,688 SF
Building Class
C
NOI
$56,560
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,344 SF
Building FAR
1.75
Lot Size
0.27 AC
Parking
13 Spaces (0.63 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
- Kitchen
- Storage Space
- Fully Carpeted
- Partitioned Offices
- Air Conditioning
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457-459 Nepean Highway
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