411 Nepean Hwy, Frankston_Property for Sale

411 Nepean Highway, Frankston, VIC, 3199, AU

411 Nepean Hwy, Frankston

Asset description

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.

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Attributes

Building area net

16,975 sf

Occupancy

100%

Land area gross

9,806 sf

NOI

$411,000

Media

Investment highlights

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.