473 Nepean Highway, Frankston, Victoria
Hotel Lona – Fully Renovated Venue in Frankston's Entertainment Hub
Expressions of Interest
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 on the corner of Nepean Highway and Playne Street, positioned at the gateway to Frankston’s main entertainment precinct, indicating high visibility and foot traffic potential.
2. Fully renovated two-level period building with a complete structural upgrade, delivering turnkey, modern presentation and reduced immediate capital expenditure.
3. Large site footprint of approximately 373m2, Gross Building Area of about 740m2 over two levels, providing substantial trading and event capacity.
4. Long secured lease with options through to 2051, offering medium- to long-term tenure stability for operators or investors.
5. Zoned Commercial 1 (BZ1), supporting a range of commercial uses consistent with hospitality and entertainment operations.
6. State-of-the-art internal fit-out with upmarket ambience and modern back-of-house systems, supporting premium positioning and operational efficiency.
7. Versatile dining and function spaces across multiple levels, suitable for mixed trading formats, events and private functions.
8. Ground-level bar with footpath trading, enabling street-facing service and casual walk-in trade.
9. Bistro overlooking Playne Street, enhancing customer appeal with street views and alfresco potential.
10. High-spec kitchen featuring a food service lift to the lounge, dining areas and rooftop bar, improving service flow and theatre.
11. Rooftop bar with retractable roof, enabling year-round operation and offering a distinctive venue feature for events and seasonal trading.
12. Offered as a leasehold business sale, suitable for operators seeking an established, premium venue without freehold acquisition.
