VICTORIA – October 17, 2025 – A major service station in Frankston has entered the market for sale, tenanted by one of the world’s largest energy companies.
Located at 325 Nepean Highway, the 2,948 sqm* site is underpinned by a brand-new 10-year lease to Sinopec with options extending to 2050. Sinopec, an oil and gas powerhouse ranks in the top 10 of the Fortune Global 500 alongside Walmart, Amazon and Apple. With US$420.5 billion in revenue reported in 2024, Sinopec the covenant brings global weight to this local listing.
The property, completed in 2021, includes a modern service centre and carwash, and is zoned for development up to eight storeys (STCA), adding significant future potential. Its high-profile frontage to Nepean Highway, measured at 75 metres* offers exceptional visibility to the thousands of cars passing daily.
The listing is being handled by Cushman & Wakefield’s George Davies, Raphael Favas, Oliver Hay, and Leon Ma with a guide price of $6.5 million.
George Davies of Cushman & Wakefield said buyer interest is shaping up to be diverse. “We’re expecting strong interest from a range of investors, particularly local and off-shore Asian buyers given their familiarity of Sinopec as one of the largest and most secure and recognized companies in the world.” The Sinopec covenant is a major drawcard, it’s rare to see a Fortune 500 top 10 company anchoring a retail asset in Australia.”
Raphael Favas added that Frankston’s transformation is part of the appeal. “As a major commercial hub with strong population growth and government investment, it’s an ideal location for a global player like Sinopec to establish its footprint."
“The surrounding retail ecosystem; Woolworths, Coles, Kmart, JB Hi-Fi, Chemist Warehouse, all within walking distance, adds to the appeal.” Mr Davies said “With Sinopec’s entry into Australia now anchored in Frankston, investors have a unique chance to own a piece of real estate tied to a global energy giant”.
The sale of 325 Nepean Highway, Frankton is being conducted via International Expressions of Interest, closing Wednesday 12 November 2025 at 12pm through Cushman & Wakefield.
*Approx.
