Trophy Government Social Infrastructure Investment | Tightly Held Bayside Metro CBD Freehold

60-64 Wells Street , Frankston VIC

Property Highlights

100% leased Govt/Govt backed Investment
Renewed 5 & 3 year net leases
Guaranteed 3.5% & 3% increases


Under instruction from Advise Transact, Burgess Rawson in conjunction with Gorman Allard Shelton are pleased to present to the market 60-64 Wells Street, Frankston VIC for Sale by Private Treaty.

Pertinent selling features are:

+ Fully leased landmark Govt/Govt backed investment adjoining landmark Bayside Shopping Centre.
+ Frequently renewed Five (5) and Three (3) year leases.
+ Landlord favourable leases, long tenure to Victorian State Government, Family Life Ltd & Anglicare Victoria.
+ Valuable ‘net leases’ with tenants paying all usual outgoings.
+ Fixed income growth via 3% & 3.5% annual rental increases.
+ Prized 5 level 3,239sqm* (NLA) freehold building with substantial upgrades and abundance of natural light throughout.
+ Strategic C1Z CBD corner landholding providing realistic future development upside.***
+ Strategic location adjoining landmark Bayside Shopping Centre anchored by 3 supermarkets, 241 specialty stores and 10.2 million customer visits annually. **
+ Situated within the heart of Frankston’s CBD amongst national tenants including Australia Post, Chemist Warehouse, 7-Eleven, Grill’d, Betty’s Burgers and Nando’s.
+ Convenient short distance (250m*) to Frankston Train station which has recently undergone a significant $63 m development with upgrades to additional parking and ensuring Frankston remains easily accessible to all South Eastern Melbourne suburbs.
+ Frankston: major commercial, retail, education, and transport hub servicing Southern suburbs and Mornington Peninsula.
+ 4 Star NABERS Rating.
+ Net Income: $1,072,615* pa + GST (Dec 23)

Please contact the exclusive agents:

Burgess Rawson Agents
Matthew Wright – 0458 290 588
Beau Coulter – 0413 839 898
Zomart He – 0488 220 830
Yosh Mendis – 0434 413 188

Gorman Allard Shelton Agents
Peter Bremner- 0412 326 942
Joseph Walton – 0417 309 347
Jonathan McCormack – 0418 835 885

*** STCA

Property Details

Current Tenant
Occupancy Type
Land Size
796 SQM
Building Area
3,239 SQM

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