Gross Waddell ICR, in conjunction with Stonebridge, with Transaction Management by Advise Transact, is pleased to offer Zambrero Frankston – a high-profile fast food investment in the epicentre of the Mornington Peninsula’s largest retail/commercial CBD.

The nationally tenanted investment, located on the corner of Nepean Highway & the Wells Street Plaza precinct, is being offered for sale via National Portfolio Auction on Tuesday 16 June 2026 at 11am.

Positioned within the heart of the Frankston CBD, this high-profile investment presents an exceptional opportunity to secure a dual-tenanted retail asset anchored by nationally recognised fast-food operator Zambrero and Hairmoves, a long-standing local business with 22 years of trading history from the property and a loyal customer following.

Benefitting from significant exposure to one of Melbourne’s busiest roads, the property occupies a commanding corner position within immediate proximity to Frankston’s core retail and commercial precinct.

The property offers investors a secure and diversified income stream with outstanding future growth potential in one of Melbourne’s rapidly evolving metropolitan activity centres. Further enhancing the opportunity, the property falls under CIPT, meaning no Stamp Duty is payable, with CIPT payments not commencing until 2035. Extensive building works have also been undertaken, providing potential depreciation benefits for investors.

Investment Highlights:

• Brand new dual-tenanted investment securely leased to Zambrero and Hairmoves, each on new seven (7) year lease terms.

• Zambrero – internationally recognised fast food (QSR) operator with a network of 300+ stores located throughout Australia, New Zealand, Ireland, the United Kingdom and the United States.

• Hairmoves – established local business with 22 years of trading history from the property and a loyal customer following.

• No Stamp Duty payable, with the property falling under CIPT and payments not commencing until 2035 – a significant benefit for purchasers.

• Significant recent building works undertaken, providing potential depreciation benefits for investors.

• Prominent corner landholding with extensive frontage to both Nepean Highway and Wells Street, delivering exceptional exposure within the heart of the Frankston CBD.

• Positioned within Frankston’s premier retail precinct, amongst major retailers and the Mornington Peninsula’s largest shopping centre – Bayside Central Shopping Centre.

• Exposure to approximately 150,000 vehicles daily along Nepean Highway, providing valuable future signage or billboard potential (STCA).

• Strategically located approximately 40 kilometres south-east of the Melbourne CBD and well serviced by public transport infrastructure, including Frankston railway station located circa 400 metres from the property.

• Combined net income of $147,000 per annum plus GST and outgoings, providing investors with a strong and secure income profile.

The property is for sale via National Portfolio Auction on Tuesday 16 June at 11am.

For more information, please contact the exclusive agents below.

Gross Waddell ICR
Alex Ham | 0410 545 226
Andrew Greenway | 0409 547 626
Glen Ye 叶格林 | 0400 880 388

Stonebridge Property Group
Nic Hage | 0448 782 594
Ian Lam | 0485 693 699

*approx.