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411 Nepean Highway, Frankston, VIC, 3199

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411 Nepean Highway, Frankston, VIC, 3199

Frankston

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411 Nepean Highway, Frankston, VIC, 3199

Frankston

411 Nepean Highway, Frankston, VIC, 3199

411 Nepean Highway, Frankston, VIC, 3199

Properties / Buy / Victoria / Frankston
Tenanted Investment

1. Property Summary

Selling Method
EOI
Selling Details
Closing Wednesday 16th April 2025 at 2:00pm (AEST).
Land Area
1,577 m² (*approx)
Floor Area
911 m² (*approx)
Property Type
Health/Medical, Land, Offices
Sub-type
Health Care & Medical, Consulting Rooms
Est. Income
$642,578 p/a
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2. Property Highlights

Fully Leased Government Healthcare Asset
  • Mental health facility
  • Significant tenant investment
  • Located in prominent activity centre

JLL is pleased to offer for sale Tarnbuk Centre at 411 Nepean Hwy, Frankston VIC.

A modern mental health facility positioned in the heart of Melbourne’s most prominent activity centre in the southeastern suburbs, secured by a government lease profile.

•Outpatient mental health facility fully leased to state government. 

•Current net income of $642,578 per annum* and Outgoings with annual 3.00% increases.

•4.1-year Weighted Average Lease Expiry (WALE) by income.

•Modern, three-level mental health outpatient centre totalling 1,577sqm*.

•High exposure location with frontage to Nepean Highway.

•Recently refurbished to meet the needs of Peninsula Health and the local community.

•Strategic corner in prominent Activity Centre, providing long term development upside potential with 38 metre preferred height limit (STCA)

•Supporting demographics of the broader Mornington Peninsula Region driving healthcare services.

411 Nepean Hwy, Frankston is for sale Expressions of Interest (EOI) closing Wednesday 16th April 2025 at 2:00pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.

Simon Quinn - 0409 261 276

Thomas Thorsen – 0488 444 022

Mark Stafford – 0404 401 053

 

*Approx. 

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Health/Medical, Land, Offices
Sub-type
Health Care & Medical, Consulting Rooms
Est. Income
$642,578 p/a
Wale
4.1 years
Land Area
1,577 m² (*approx)
Floor Area
911 m² (*approx)
Selling Method
EOI
EOI Closing Date
16 Apr 2025 02:00PM
Selling Details
Closing Wednesday 16th April 2025 at 2:00pm (AEST).

2. Property Highlights

Fully Leased Government Healthcare Asset
  • Mental health facility
  • Significant tenant investment
  • Located in prominent activity centre

JLL is pleased to offer for sale Tarnbuk Centre at 411 Nepean Hwy, Frankston VIC.

A modern mental health facility positioned in the heart of Melbourne’s most prominent activity centre in the southeastern suburbs, secured by a government lease profile.

•Outpatient mental health facility fully leased to state government. 

•Current net income of $642,578 per annum* and Outgoings with annual 3.00% increases.

•4.1-year Weighted Average Lease Expiry (WALE) by income.

•Modern, three-level mental health outpatient centre totalling 1,577sqm*.

•High exposure location with frontage to Nepean Highway.

•Recently refurbished to meet the needs of Peninsula Health and the local community.

•Strategic corner in prominent Activity Centre, providing long term development upside potential with 38 metre preferred height limit (STCA)

•Supporting demographics of the broader Mornington Peninsula Region driving healthcare services.

411 Nepean Hwy, Frankston is for sale Expressions of Interest (EOI) closing Wednesday 16th April 2025 at 2:00pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.

Simon Quinn - 0409 261 276

Thomas Thorsen – 0488 444 022

Mark Stafford – 0404 401 053

 

*Approx. 

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

3. Property Location

411 Nepean Highway, Frankston, VIC, 3199

Property Map
411 Nepean Highway, Frankston, VIC, 3199 Frankston
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