1-3 Thompson StreetFrankston VIC 3199
Property Details for 1-3 Thompson St, Frankston
Last Listing description (October 2017)
An Investment opportunity with three separate rental incomes from three tenancies. The property is on one title and situated in the central activity center in the heart of Frankston. The property has the advantage of three frontages with side and rear access. 3 tenants carparks at the rear.
- Offered as a Going Concern.
- Building Area: Approx 369 sqm
- Rental income total: $ 64,058.76 (Plus GST)
TENANCY PARTICULARS
Shop 1: Telstra Business Showroom
Current Rental: $1800 pcm (plus GST)
Shop 2:Takeaway Food/Café
Current Rental: $2511.23 pcm (plus GST)
Shop 3: Retail Sales & Storage, (rear of Shop 1 & 2 Part of Bounty Shop).
Current Rental: $1027 pcm (plus GST).
TERMS OF SALE:
Terms 10% deposit
Settlement 19th January 2018
PROPERTY INSPECTIONS:
Strictly by appointment Contact Trevor McCann 0407043932
Property History for 1-3 Thompson St, Frankston, VIC 3199
- 22 May 2026Sold for $3,711,028
- 21 Sep 2017Listed for Sale AUCTION CONTACT AGENT
- 14 Nov 2015Sold for $3,200,000
Recent sales nearby
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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 21,835 properties. Over the last 5 years, Houses in Frankston have seen a 7.98% increase in median value, while Units have seen a 12.98% increase. As at 31 August 2026:
- The median value for Houses in Frankston is $815,119 while the median value for Units is $558,435.
- Houses have a median rent of $600 while Units have a median rent of $500.
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