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126-130 Dandenong Road (Corner Donald Avenue) Frankston VIC 3199

  • Development / Land
  • 1.12 ha
  • For Sale, Contact Agent

11,200SQM OF MORNINGTON PENINSULA LAND LEASED TO AUSTRALIA'S LARGEST CAR DEALER

  • $1,133,474* NET ANNUAL INCOME
  • TRIPLE NET LEASE TO ASX LISTED TENANT
  • 1.12HA* COMMERCIAL 2 ZONE LANDHOLDING

CBRE Victorian Retail Investments is offering for sale an unrivalled collection of Mornington Peninsula assets, spanning 11,200sqm* and just 500m* from Port Phillip Bay. Being offered to the market for the first time, the opportunity features the key details below:

+1.12ha* gateway Mornington Peninsula landholding

+High exposure combined street frontage of 250m* with four separate points of access to Dandenong Road, Donald Avenue, Baldwyn Street & New Street

+Triple net lease to Australia's largest car dealer, ASX listed Eagers Automotive (ASX:APE) with a market cap in excess of over $4.2Billion*

+Net annual income of $1,133,474* p.a with highly attractive fixed annual rental increases

+Established quality improvements comprising motor vehicle showrooms with a building area of 3,254sqm*, three service centres, several carwash facilities and significant hardstand area

+Positioned in a highly trafficked Bayside thoroughfare, home to a selection of Australia's most prominent car dealerships and large format retail operators

+Highly favourable Commercial 2 Zoning (C2Z), providing the opportunity for an intensive form of development and a range of alternative uses (STCA)

+Public transport is in immediate proximity via both Frankston and Kananook Railway Stations, and nearby Frankston & Peninsula Link Freeway Interchanges provide access to all areas of Victoria via Eastlink and Nepean Highway

*Approx.

FOR SALE VIA INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING 24TH NOVEMBER AT 2:00PM (AEDT)

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

David Minty
+61 422 564 199
david.minty@cbre.com.au

Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Nathan Mufale
CBRE Melbourne
Nathan Mufale
CBRE Melbourne
David Minty
CBRE Melbourne
David Minty
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne

Property Highlights

Property ID2017329114
Floor AreaAsk Agent
Land Area1.12 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  15 Oct 2021
Map for 126-130 Dandenong Road (Corner Donald Avenue) Frankston VIC 3199
Nathan Mufale
CBRE Melbourne
Nathan Mufale
CBRE Melbourne
David Minty
CBRE Melbourne
David Minty
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne

Property Highlights

Property ID2017329114
Floor AreaAsk Agent
Land Area1.12 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  15 Oct 2021
Level 34, 8 Exhibition Street Melbourne VIC 3000
Nathan Mufale
Nathan Mufale
CBRE Melbourne
David Minty
David Minty
CBRE Melbourne
Jing Jun Heng
Jing Jun Heng
CBRE Melbourne
Scott Hawthorne
Scott Hawthorne
CBRE Melbourne

Nathan Mufale

CBRE Melbourne

David Minty

CBRE Melbourne

Jing Jun Heng

CBRE Melbourne

Scott Hawthorne

CBRE Melbourne

+61 *** ***
+61 421 224 354

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