Emmetts Real Estate are pleased to offer for sale the prime service station and convenience outlet located at 41-45 McMahons Road (Mooroorduc Highway), Frankston which forms a significant gateway site to Frankston and the Mornington Peninsula.

This outstanding offering provides investors with a strategic landholding positioned on a busy arterial road with a high volume of passing traffic underpinned by a long term secure income stream.

The location is further enhanced by a major homemaker centre - Frankston Power Centre - and the Monash University Peninsula campus both located opposite the property providing potential for a range of future high value complimentary development options / alternate uses (STPA).

Investment considerations:
- Strategic service station investment at the gateway to Frankston and the Mornington Peninsula.
- New 15 year lease to Woolworth Ltd with new fit out.
- New 10 year lease to Fairbank Grange trading as Boost Juice and Degani Cafe with drive through facility.
- Benefiting from high volumes of passing commuter and holiday traffic seven days per week.
- Significant corner landholding of 3,400 sq m approx. with frontage of 85m approx. to Moorooduc Hwy and a total dual street frontage of 125m approx.
- Dynamic precinct including a major homemaker centre plus the Monash University Peninsula campus.
- Multiple long term future alternate uses / development opportunities including student accommodation, hotel or apartments (STPA).
- Current passing income of $423,482 pa plus GST.
- Outstanding opportunity to acquire a long-leased secure income asset with multiple future strategic options.
- Excellent rental growth and capital appreciation potential.

For further details, please contact Charles Emmett and Andrew Milligan of Emmetts Real Estate.