The landmark home of Eagers Automotive in the heart of Frankston is being offered for sale by a private investor, with the sizable 11,200sqm* Bayside landholding hitting the market for the first time ever.

The CBRE Melbourne team of Nathan Mufale, David Minty, Scott Hawthorne and JJ Heng are marketing 126-130 Dandenong Road, Frankston for sale via an International Expressions of Interest process.

Operating as Bayside Chrysler Jeep Dodge, the gateway Mornington Peninsula landholding is being sold with a triple net lease to ASX-listed Eagers Automotive Limited, returning a net income of $1,133,474* per annum.

Founded in 1913, Eagers Automotive Limited is one of the leading automotive retail groups in Australia and New Zealand, with a history spanning more 100 years. The group’s sales revenue increased from $500 million in 2000 to $8.7 billion in 2020.

“The offering spans several titles, with the owner acquiring the collection of assets over several decades. Opportunities of this scale in major activity centres are highly sought after and never found,” Mr Mufale said.

“We expect the unique combination of a blue chip ASX-listed tenant, flexible zoning and immediate development potential in a gateway Mornington Peninsula location to generate engagement from a range of interstate & international investors, along with land bankers and developers,” Mr Mufale continued.

The dealership is moments from Frankston’s CBD and comprises two substantial car sale showrooms, three service centres, several carwash facilities and significant hardstand.

Occupying a strategic corner landholding of approximately 11,200sqm* across multiple titles, the site benefits from over 220 metres* of high exposure street frontage to Donald Avenue, Dandenong Road, Baldwyn Street and New Street, providing several points of access to the property.

“This stretch of Dandenong Road is the ‘Golden Mile’ for car dealerships in Bayside. There are enormous levels of confidence in this thoroughfare from the world’s largest car manufacturers, with more than a dozen of the major brands, such as Toyota, Subaru and Volkswagen occupying a presence along the main arterial,” said Mr Hawthorne.

The landmark site has recently undergone a rezoning and now benefits from a highly favourable Commercial 2 Zoning (C2Z), providing the opportunity for an intensive form of development and a range of alternative uses.

The area is well serviced by a variety of public amenity, being just 500m* from Frankston Beach and 1.50km* from Vicinity Centres’ Super Regional Bayside Central Shopping Centre in Frankston’s CBD.

Public transport is in immediate proximity via both Frankston and Kananook Railway Stations, and nearby Frankston & Peninsula Link Freeway Interchanges provide access to all areas of Victoria via Eastlink and Nepean Highway.

The International Expressions of Interest process is due to close in November 2021.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.