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
+61 411 059 116
jj.heng@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com.au
