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Investment Highlights

  • Prominent mixed-use building comprising modern office space and ground-floor retail restaurant across approx. 1,071 m² of building area.
  • Strong holding income: approx. $252,191 p.a. net + GST as of October 2025 across dual tenancies.
  • Central positioning opposite Moorabbin Railway Station, close to Southland Westfield and key arterials including Nepean Highway and EastLink.
  • Land size: approx. 870 m² with outstanding 28.3 m frontage to Nepean Highway, offering superior visibility in a high-traffic location.
  • Demolition clause from 2029 (subject to option) providing pathway for future redevelopment.

Executive Summary

GrayJohnson is delighted to present 922-928 Nepean Highway, Hampton East, a rare opportunity to secure a high-profile bayside property with immediate income and exceptional future potential in a rapidly evolving commercial corridor. This substantial site of approximately 870 m² features a combined building area of 1,071 m² and boasts an impressive 28.3-metre frontage along Nepean Highway, ensuring maximum exposure in a thriving mixed-use hub.
The property is configured across two interconnected components. At 922-924 Nepean Highway, the ground floor houses a well-established restaurant tenancy leased on a 5 + 5-year term commencing October 2021, returning $68,320 per annum net plus GST, with a demolition clause applicable from 2029 (subject to the exercise of its option). The upper level, along with 926-928 Nepean Highway, contains a versatile two-level office facility offering approximately 736 m² of space. This office component is currently leased to Bayley House Inc. and will transition to a monthly tenancy from November 2025, generating $183,871 per annum net plus GST. Combined, these tenancies deliver a robust holding income of approximately $252,191 per annum net plus GST as of October 2025, underpinning both investment security and long-term upside.
Strategically positioned directly opposite Moorabbin Railway Station, the property benefits from proximity to major arterial connections, including Nepean Highway and EastLink, and lies just minutes from Southland Shopping Centre. Surrounded by significant infrastructure and within a precinct earmarked for higher-density re-zoning and ongoing renewal, this property represents a unique opportunity for owner-occupiers, investors, or developers seeking a premier freehold asset. With its outstanding location, mixed-use potential, and abundant on-site amenities—including rear access, undercover parking, and strong transport connectivity—this asset stands out as a blue-chip investment offering immediate returns and future redevelopment potential^ in one of Melbourne’s fastest-growing bayside corridors.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
11,528 SF
Building Class
C
NOI
$176,897
Percent Leased
31%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,759 SF
Building FAR
1.23
Lot Size
0.21 AC

Amenities

  • Restaurant
  • Signage
  • Kitchen
  • Reception
  • Demised WC facilities
  • Natural Light
  • Partitioned Offices
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Ground-Ste 926-928
  • 3,983 SF
  • Office
  • Partial Build-Out
  • Now

926-928 Nepean Highway in Hampton East is an office facility within an Activity Centre Zone situated on Nepean Highway, directly opposite Moorabbin Railway Station. The building comprises two levels with a gross area of approximately 736 m², offering a reception area, open-plan workspace, individual offices, and supporting amenities, complemented by undercover rear parking. It forms part of a larger holding spanning 922–928 Nepean Highway with a combined site size of approximately 870 m² and a total building size of 1,070 m².

  • 1st Fl-Ste 926-928
  • 3,983 SF
  • Office
  • Partial Build-Out
  • Now

926-928 Nepean Highway in Hampton East is an office facility within an Activity Centre Zone situated on Nepean Highway, directly opposite Moorabbin Railway Station. The building comprises two levels with a gross area of approximately 736 m², offering a reception area, open-plan workspace, individual offices, and supporting amenities, complemented by undercover rear parking. It forms part of a larger holding spanning 922–928 Nepean Highway with a combined site size of approximately 870 m² and a total building size of 1,070 m².

Space Size Space Use Build-Out Available
Ground-Ste 926-928 3,983 SF Office Partial Build-Out Now
1st Fl-Ste 926-928 3,983 SF Office Partial Build-Out Now

Ground-Ste 926-928

Size
3,983 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Fl-Ste 926-928

Size
3,983 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

Ground-Ste 926-928

Size 3,983 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

926-928 Nepean Highway in Hampton East is an office facility within an Activity Centre Zone situated on Nepean Highway, directly opposite Moorabbin Railway Station. The building comprises two levels with a gross area of approximately 736 m², offering a reception area, open-plan workspace, individual offices, and supporting amenities, complemented by undercover rear parking. It forms part of a larger holding spanning 922–928 Nepean Highway with a combined site size of approximately 870 m² and a total building size of 1,070 m².

1st Fl-Ste 926-928

Size 3,983 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

926-928 Nepean Highway in Hampton East is an office facility within an Activity Centre Zone situated on Nepean Highway, directly opposite Moorabbin Railway Station. The building comprises two levels with a gross area of approximately 736 m², offering a reception area, open-plan workspace, individual offices, and supporting amenities, complemented by undercover rear parking. It forms part of a larger holding spanning 922–928 Nepean Highway with a combined site size of approximately 870 m² and a total building size of 1,070 m².

  • Listing ID: 40839654

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 922-928 Nepean Ave, Hampton East, VIC 3188

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