80 & 86 CRANBOURNE ROAD, Frankston, Vic 3199
Retail
Circa $6m+
Circa $6m+
Published on: 15 Jun 2025
Last updated on: 27 Jul 2025
Property ID: 504885372
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Key property information
Land Size
4,190.00 m2
Floor Area
4,190.00 m2
Tenure Type
tenanted
RARE OPPORTUNITY STRATEGICALLY LOCATED FUEL & CONVENIENCE CENTRE PLUS A CAR WASH WITH A 63M FRONTAGE TO CRANBOURNE RD.
80 & 86 CRANBOURNE ROAD, Frankston, Vic 3199
This extraordinary income producing asset sitting on 4,190m2 is currently leased to the DIB Group trading as Metro Petroleum on a 10 year lease that runs till June 19, 2032. The DIB Group currently operates over 300 + service station sites nationally & are a highly regarded & respected conglomerate. This is an outstanding opportunity for the astute investor, the owner operator or property developer. • Leased till June 19, 2032 • Currently returning net income $267,806* + GST • Annual increases 3.5% • 6 Multi product dispenser and 1 LPG product dispenser all under cover • Car wash with 1 automated wash and 4 manual bays • Convenience store of 95m2* • 11 Car parks • 93m frontage to Cranbourne Road • 2 Separate titles one for the service station and one for the car wash with a S173 agreement in place • Redevelopment / Demolition clause in Lease effective from June 19, 2032
Property Details
Basic Info
Basic Info
Property Type
Retail
Listing Status
On Market
Land Size
4,190.00 m2
Address
80 & 86 CRANBOURNE ROAD, Frankston, Vic 3199
Floorplans and tours
Floorplan
Theo George
Advertising Associates - Real Commercial
Level 9, 333 Collins Street, Melbourne, Vic 3000
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Theo George
Level 9, 333 Collins Street, Melbourne, Vic 3000
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Property ID: 504885372
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