922-928 Nepean Highway, Hampton East, Vic 3188

GrayJohnson are delighted to offer for sale this substantial property at 922-928 Nepean Highway, Hampton East. 

This property provides a unique opportunity for an owner/occupier or investor to purchase a prominent investment with significant development upside^.

The modern office headquarters comprising 926-928 Nepean Highway and the top floor of 922-924 Nepean Highway is currently occupied by a local charity, with the organisation to be occupying on a monthly arrangement from November 2025. The ground floor of 922-924 Nepean Highway is a single level retail premises occupied by Fat Girl Thai Kitchen restaurant on a 5 + 5-year lease commencing in October 2021. Both premises have rear access with under-cover car parking.

The opportunity
• Well-proportioned site with excellent mixed-use development potential^
• Land area: 870 sqm* 
• Combined building area: 1071 sqm*
• Nepean Highway frontage 28.3 m*
• 922-924 Nepean Highway featuring a separate ground-floor restaurant premises leased to popular Thai eatery 
• Restaurant lease returning $68,320 pa net + GST as of Oct 2025
• Demolition clause available from 2029 (if option exercised)
• 926-928 Nepean Highway featuring a two-level office premises of 736 sqm* 
• Monthly lease to Bayley House Inc returning $183,871 pa net + GST
• Combined Income - $252,191 pa net + GST as of Oct 2025
• On-site undercover car parking at rear

The property is strategically positioned within a thriving commercial hub, directly opposite Moorabbin railway station. This area, with its proximity to transport and local amenity, is undergoing significant change with building heights under review and residential developments coming out of the ground. 

This property is ideal for a new owner seeking to occupy the office building while benefiting from the restaurant rental. For the investor, it offers the flexibility to realise multiple income streams plus the potential for significant future development on a high-profile site^.

The location
• Strategic main road position with excellent exposure
• Located in a busy commercial hub
• Opposite Moorabbin railway station
• Abundant Council car parking adjacent to property
• Minutes* to Southland Westfield
• Excellent access to major arterials including EastLink

*approx
^STPA