41-45 McMahons Road Frankston VIC 3199

Emmetts Real Estate and Commercial Property Services 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. In addition a national cafe chain with drive-thru and fitout soon to be completed.
- 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.

For further details, please contact Charles Emmett and Andrew Milligan of Emmetts Real Estate or Rogan Ward and Brett Ward of Commercial Property Services.