Nichols Crowder is delighted to offer 431 Nepean Highway, Frankston to the market by private sale.
Leases expire 18th October 2025 with no options.
'Chatsworth House', a multi-tenanted investment with 84% occupied by Government departments.
This three level office building commandingly sits in the heart of Frankston CBD with views across to the bay from the top level.
A significant site of some 2,110sqm* with 30m* of frontage to both Nepean Highway and Keys Street at the rear.
Adjoining Dan Murphy's and positioned directly opposite Bayside Shopping Centre, which is anchored by Coles, Woolworths, Kmart, Aldi, TK Max and Target, the property provides all the amenity at your doorstep.
Key features include:
* Total building area (over 3 levels): 5,567sqm*
* Total land area: 2,110sqm*
* 47 basement car park spaces
* Potential rent income: $1,000,000 p.a.*
* Freehold title with 30m* frontages to Nepean Highway and Keys Street
* 84% leased to Government tenants
* Favourable Commercial 1 Zoning
* Terms of sale 10% balance settlement 30/60/90 days
* Vendor terms available 30% deposit, balance over 5 years @ 8% interest
For further information or to arrange an inspection, please contact:
Linda Ellis 0400 480 397
James Dodge 0488 586 896
Jamie Stuart 0412 565 562
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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