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461-463 Nepean Hwy 13,046 SF Office Building Frankston, VIC 3199 For Sale
Investment Highlights
- Combined three-street frontage with over 132 meters of exposure to Nepean Highway and Thompson Lane.
- Passing income of approximately $254,696 p.a. + GST across both properties.
- Positioned at the gateway to the Mornington Peninsula with excellent access to M3 Freeway and Peninsula Link.
- Activity Centre zoning with significant development flexibility and preferred building height of 41 meters (STCA).
- Located within Frankston CAD, less than 100 meters from Bayside Shopping Centre and 500 meters from Frankston Train Station.
Executive Summary
This adjoining freehold comprises approximately 874 sqm* of prime land with commanding frontage to Nepean Highway and Thompson Lane. Fully leased and returning a net income of $175,858 p.a. + GST, the property offers secure cash flow alongside exceptional development potential. The existing multi-level office/retail improvements are positioned within Frankston’s FMAC Precinct 1: City Centre, allowing for a preferred building height of 41 meters (STCA).
Surrounded by major mixed-use projects totaling nearly $296 million in approved developments, this site is strategically located less than 100 meters from Bayside Shopping Centre and only 500 meters from Frankston Train Station. Its position at the gateway to the Mornington Peninsula ensures strong long-term demand from both occupiers and developers. With excellent connectivity via Nepean Highway, M3 Freeway, and Peninsula Link, this property represents a rare opportunity to secure a landmark site in one of Victoria’s most dynamic growth corridors.
Surrounded by major mixed-use projects totaling nearly $296 million in approved developments, this site is strategically located less than 100 meters from Bayside Shopping Centre and only 500 meters from Frankston Train Station. Its position at the gateway to the Mornington Peninsula ensures strong long-term demand from both occupiers and developers. With excellent connectivity via Nepean Highway, M3 Freeway, and Peninsula Link, this property represents a rare opportunity to secure a landmark site in one of Victoria’s most dynamic growth corridors.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,046 SF
Building Class
C
NOI
$126,164
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,523 SF
Building FAR
1.35
Lot Size
0.22 AC
Parking
20 Spaces (1.8 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Storage Space
- Fully Carpeted
- Partitioned Offices
- Air Conditioning
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461-463 Nepean Hwy
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