CVA & Nichols Crowder are excited to present this landmark release to purchase an expertly designed, boutique office/ warehouse in the brand new Compass Business Park.
Located at the key entry point of the estate, these warehouses enjoy prime exposure to FrankstonDandenong Road and are neighboured by industryleading brands. Ideally situated between the Eastlink and the Mornington Peninsula Freeway, accessing the south east and eastern suburbs has never been easier.
Compass Business Park offers a rare opportunity to secure your own warehouse facility, featuring 12 individual office warehouses ranging from 178-269sqm*. Each unit includes air-conditioned offices, kitchen and bathroom facilities, and dedicated on-title parking.
Located within a vibrant environment surrounded by global recreational and retail brands
Excellent exposure to Frankston-Dandenong Road
Motorised roller shutter doors for easy access
Extensive glazing on warehouse facades allowing abundant natural light
Dedicated car parking spaces for convenience
NBN-ready connectivity for high-speed internet access
Sleek kitchenette and bathroom amenities included within each warehouse
Accessed via a newly constructed signalised intersection
Frankston Freeway, Peninsula Link & Eastlink all within 5 minutes of the estate
SIGNALISED INTERSECTION
Frankston - Dandenong Road
Frankston Freeway
KlauerStreet
Global Brands in the Estate
Peninsula Link (2 min) Dandenong CBD (10 Mins)
Frankston CBD (5 Mins)
Melbourne CBD (42 Mins)
The Seaford Industrial Precinct is an established industrial location supporting small to medium sized businesses approximately 36km south east of the Melbourne CBD (Via Monash Freeway and Eastlink).
Compass Business Park will be a brand new, fully integrated Business Park featuring small and medium sized business enterprises, global brands such as Planet Fitness, Starbucks, Guzman Y Gomez, Storhub and many more service and trade enterprises. With a commanding frontage to FrankstonDandenong Road, Compass Business Park is only moments away from all major arterials in the South East Corridor, including Eastlink, Peninsula Link and Frankston Freeway, ensuring the ultimate connectivity.
A THOUGHTFULLY CURATED MIXED-USE BUSINESS PARK
Compass
Business Park is a thoughtfully curated mixed-use Business Park that has been designed to provide for a range of uses including convenience retail, recreational, storage and warehousing.
Boasting over 220 metres of direct frontage to Frankston-Dandenong Road, this highly sought-after location offers both industry-leading and local brands the opportunity for prime exposure to a vast catchment area.
Global Brands
The strategic positioning of the estate has attracted the attention of global retail, recreational, and storage brands, including Guzman y Gomez, Starbucks, Planet Fitness and StorHub.
The estate, which includes an additional 13 sold industrial lots, is set to become a local hub of business activity and the primary business estate in Seaford. The available warehouses will benefit from easy access to the estate’s amenities, as well as extensive pedestrian and vehicle traffic the estate will attract.
COMPASS COURT
GROUND FLOOR
COMPASS COURT
KITCHEN FIXTURES & FITTINGS
MARKET OVERVIEW
Seaford’s industrial market is seeing steady demand due to its proximity to key transport routes like the Frankston Freeway and Nepean Highway and close proximity to coastal residential precincts such as Frankston, Carrum Downs, Edithvale and Bonbeach.
Seaford’s population forecast 18,142
Seaford’s population is estimated at 18,142 in 2024 (Forecast.ID), with continued growth expected with an 11.86% forecasted for the years 2024-2041 and a total population estimated at 20,293 by 2041.
AMENITIES & REGIONAL DEVELOPMENT
Convenient access to Melbourne’s CBD (36 km away), nearby beaches, and suburbs like Frankston and Carrum Downs.
Local amenities include retail, dining, and recreational spaces, highlighted by Seaford Village Shopping Precinct and Seaford Central Shopping Centre, making Seaford a practical industrial location that feeds off his burgeoning retail and amenity.
Level Crossing Removals: Two major level crossings at Armstrongs Road and Station Street in Seaford are being removed as part of a broader project to eliminate 27 level crossings along the Frankston Line by 2029. This initiative will reduce congestion, improve road safety, and enhance public transport efficiency. New stations are also planned for Seaford and neighbouring areas, creating better local amenities and easing daily commutes. (Big Build)
Metro Tunnel Project: This ongoing project, set for completion by 2025, will expand train capacity across the Frankston Line. This will allow for more frequent and reliable services, reducing travel times for commuters to and from Seaford. (Big Build)
Station Upgrades: New stations are being built in Seaford and nearby areas like Aspendale and Mordialloc. These stations are part of the ongoing upgrades associated with the level crossing removals, designed to improve access and public transport amenities. (Big Build)
30-39 years, with a skilled workforce of professionals and tradespeople living and working in the vicinity. Predominant age group
Strong rental yields
In the two years preceding 2024 we saw average rentals in the South East (particularly Carrum Downs and Seaford) rise by approximately 37-40%. This upwards trend has continued in 2024 which also saw the total number transactions increase by approximately 10%. The split between sales and leasing remained steady at 65% leasing, 35% sales.
In addition to the strong rental growth, over the 2023 -2024 financial year local agent Nichols Crowder also reported a 12.5% increase in average sale rates for Industrial properties located in Seaford.
Vacancy rates
As of mid-2024, the industrial vacancy rate for South East Melbourne stands at approximately 1.2%. This region remains one of Melbourne’s tightest industrial submarkets due to high tenant demand driven by e-commerce growth and supply chain efficiencies. The South East precinct has experienced strong rental growth, partly due to a limited pipeline of new supply, which has led to tenants struggling to find industrial accommodation across all qualities
1.2% 40%* 10%
Brix is a core group of property professionals dedicated to delivering outstanding projects.
Experts across a range of sectors, with primary focus in the commercial, industrial and residential sectors; they partner with industry experts and leading public and private groups to execute their vision. Drawing on their in-house skills and experience, Brix oversees a significant pipeline in Victoria and Queensland.
Tim Cooney
Director - Southern Region 0468 860 737
tim.cooney@cva.melbourne
Jordan Carroll
Property Executive - Southern Region 0467 628 951
jordan.carroll@cva.melbourne
Josh Monks
Sales & Leasing Executive 0409 335 179
joshm@nicholscrowder.com
James Dodge
Directors / Licensed Agent 0488 586 896
jamesd@nicholscrowder.com
