438 Nepean Highway,
Frankston, VIC 3199
Offices • Medical & Consulting • Development Sites & Land
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STRATEGIC COMMERCIAL INVESTMENT OPPORTUNITY
CBRE Melbourne Middle Markets are pleased to present 438 Nepean Highway, Frankston to the market, offered for sale via expressions of interest closing Wednesday 23rd August at 5:00pm.
We highlight some key points below:
- Commercial investment opportunity with Central Frankston CBD activity centre location
- High profile frontages of 69m* to both Nepean Highway and Kananook Creek Boulevard
- Flexible building of 3,718sqm* with 92 secure undercover car parks
- 100% leased to national education operator Pragmatic Training Pty Ltd
- New 8 year lease + options
- Current income $1,069,056p.a* plus GST as at 1st July 2017 with fixed 3% annual increases
- Permit approval for building extension for 120 place Childcare facility and training areas
- Currently configured as education facility including office, studio, training and auditorium areas with creek and bay outlooks
- Recent refurbishments and capital expenditure, providing attractive depreciation benefits
- Large underlying land area of 3,284sqm*
- Close to vast amenity including Bayside Shopping Centre (150m*), Frankston Train Station (430m*) and bus networks, Frankston Beach/Waterfront and recreation attractions
- Linkages to major road networks connecting Melbourne CBD and famed Mornington Peninsula and tourist region
*approx
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun Heng 王敬君
+61 411 059 116
jj.heng@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com.au
We highlight some key points below:
- Commercial investment opportunity with Central Frankston CBD activity centre location
- High profile frontages of 69m* to both Nepean Highway and Kananook Creek Boulevard
- Flexible building of 3,718sqm* with 92 secure undercover car parks
- 100% leased to national education operator Pragmatic Training Pty Ltd
- New 8 year lease + options
- Current income $1,069,056p.a* plus GST as at 1st July 2017 with fixed 3% annual increases
- Permit approval for building extension for 120 place Childcare facility and training areas
- Currently configured as education facility including office, studio, training and auditorium areas with creek and bay outlooks
- Recent refurbishments and capital expenditure, providing attractive depreciation benefits
- Large underlying land area of 3,284sqm*
- Close to vast amenity including Bayside Shopping Centre (150m*), Frankston Train Station (430m*) and bus networks, Frankston Beach/Waterfront and recreation attractions
- Linkages to major road networks connecting Melbourne CBD and famed Mornington Peninsula and tourist region
*approx
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun Heng 王敬君
+61 411 059 116
jj.heng@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com.au
Property ID: 502484018Last Updated: 3 Sep 2021
+61 425 760 7...
438 Nepean Highway
Frankston, VIC 3199
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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