439-447 Nepean Highway & 82-88 Wells Street, Frankston, VIC 3199

CBRE Melbourne is pleased to present ‘Nepean & Wells’, a collection of eleven (11) retail & commercial tenancies being offered in-one-line positioned at the gateway of Frankston’s Metropolitan Activity Centre and the Mornington Peninsula.

Located at 439-447 Nepean Highway & 82-88 Wells Street, this premium offering features 2,193sqm* of Commercial 1 Zone land, valuable income with significant rental capture opportunities, along with major development scope to deliver a future mixed-use project on this trophy corner position.

‘Nepean & Wells’ can be summarised by the following key attributes:

+ 2,193sqm* Commercial 1 Zone (C1Z) trophy landholding with commanding frontages to Nepean Highway & Wells Street and additional rear laneway access via Wells Street

+ The property comprises four (4) established multi-level buildings featuring eleven (11) retail & commercial tenancies

+ The overall offering is partially leased returning current income of $381,026 p.a.* with significant rental growth & capture opportunity

+ The entire landholding is earmarked under the ‘Frankston Metropolitan Activity Centre Structure Plan’ June 2023 for a future major project of 41m* (12 storeys) with scope to exceed this height (STCA)

+ Absolute prime gateway corner position to Frankston’s CBD close to the Bayside Shopping Centre featuring over 200 specialty retail stores including Myer, Coles, Woolworths, Aldi, Rebel Sport & Hoyts Cinemas entertainment precinct along with Wells Street

+ Premium positioning only 300m* to Frankston Train Station, 400m* to the nationally recognised Frankston Arts Centre and 1.3km* to Monash University Peninsula Campus

+ The property has views to the Bay and is directly adjacent to the highly regarded Frankston Beach & Foreshore precinct including Gould Street the most expensive in Frankston

+ The property is also serviced by Tier 1 medical facilities such as Frankston Hospital (800m*) & Peninsula Private Hospital (4km*)

For further information please contact the exclusive sales and marketing agents at CBRE:

David Minty

+61 422 564 199

david.minty@cbre.com.au

Nathan Mufale

+61 421 224 354

nathan.mufale@cbre.com.au

Alex Brierley

+61 0447 974 447

CBRE Asian Services Desk:

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)

+61 411 059 116 (手机)

jj.heng@cbre.com (电子邮件)

jheng1206 (微信)

*Denotes Approx.

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