5A Wells Street, Frankston, VIC 3199 | Commercial for sale | OnTheHouse
 
FOR SALE
$659,000 - $715,000

5A Wells Street
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 90m2
Land area: 154m2
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Invest in success - Restaurant/retail opportunity in the heart of Frankston

5A Wells St presents an excellent retail opportunity with significant potential for businesses looking to establish a presence in this vibrant community.
The property will be sold with vacant possession, allowing you to transform this space into your ideal business or lease it out as a valuable investment.
Located in a bustling area, it sits on the thoroughfare from the train station to the beach. It is also in close proximity to major shopping centers such as Bayside Shopping Centre and Karingal Hub. The property benefits from excellent public transport links and ample parking options for customers. It is suitable for a wide range of businesses, including restaurants and retail shops. Furthermore, there are no restrictions on trading hours or access, giving businesses the flexibility to operate according to their needs.
Frankston is experiencing significant growth, driven by urban renewal projects and an increasing population. The area attracts millions of visitors annually, contributing to a thriving retail sector. This property offers a strategic entry point for businesses aiming to capitalize on Frankston's economic momentum.
Call to arrange an inspection.
The auction will be held on-site on Thursday, March 12th, at 12:00 PM.
Offers prior to the auction will be considered.

Property Details for 5a Wells St, Frankston

Building Type
Commercial
Floor Size
90m2
Land Size
154m2
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.

Frankston has 21,674 properties. Over the last 5 years, Houses in Frankston have seen a 24.64% increase in median value, while Units have seen a 29.97% increase. As at 30 April 2026:

  • The median value for Houses in Frankston is $867,535 while the median value for Units is $593,226.
  • Houses have a median rent of $590 while Units have a median rent of $490.
There are currently 140 properties listed for sale, and 69 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1157 properties were sold in the past 12 months in Frankston.

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