473 Nepean Highway, Frankston, Victoria
Hotel Lona – Fully Renovated Venue in Frankston's Entertainment Hub
Expressions of Interest Closing 3pm 12 June 2025
Business Description
CRE Brokers are pleased to offer for private sale the Leasehold Business of Hotel Lona, 473 Nepean Highway, Frankston Victoria.
Located on the corner of Nepean Highway and Playne Street at the gateway to the pre-eminent Frankston entertainment precinct.
This standout two level period building has been meticulously renovated & had a brand new structural upgrade throughout. This is a 'state of the art' hotel, offering an up market ambience, modern back of house systems, versatile dining & function spaces.
Hotel Lona comprises a ground level bar opening onto footpath trading & caters for the bistro overlooking Playne Street. The kitchen would impress any chef and includes a food service lift to the lounge, dining & roof top bar, complete with retractable roof.
This prominently located Hotel is developed over a large corner site of 373m2 (approx.) and has a Gross Building area of approximately 740m2 set over two levels. The property is zoned Commercial 1 (BZ1) purposes.
This hotel Leasehold Business is secured by a long lease with options until 2051.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - MelbourneKey Investment Insights
1. Prime location in Frankston's entertainment precinct, with high foot traffic and visibility.
2. Meticulously renovated two-level period building with a modern and upscale ambience.
3. Versatile dining and function spaces, including a ground level bar, bistro, and rooftop bar with retractable roof.
4. Impressive kitchen with food service lift to the lounge, dining, and rooftop bar.
5. Large corner site of 373m2 with a Gross Building area of approximately 740m2.
6. Zoned for commercial purposes (Commercial 1).
7. Long lease with options until 2051, providing long-term security for the business.
8. Strong potential for growth and success in the thriving Frankston area.
9. Well-equipped with modern back-of-house systems and facilities.
10. Highly sought-after business type (hotel/bar) in a popular location.
