11/490-504 Nepean HighwayFrankston VIC 3199
Property Details for 11/490-504 Nepean Hwy, Frankston
Last Listing description (October 2023)
The Only Way Is Up
Nichols Crowder and Bekdon Richards are proud to offer 11/490-504 Nepean Highway, Frankston for sale or lease by Expressions of Interest closing Thursday 16th March 2023 at 2pm.
A value-add opportunity if you've ever seen one. 11/490-504 Nepean Highway, Frankston, is ready for a visionary to take the enviable floor area of 2,118sqm* and create a space that will give rise and use befitting the incredible location and potential that the property offers.
With potential views across Kananook Creek and the Bay, rarely does a waterfront retail opportunity present either for sale or lease this cheap.
Key features include:
* Total floor area (Lot 11): 2,118sqm*
* Dedicated loading-dock via ramp off Kananook Creek Boulevard South
* Walking distance to Frankston Train Station (600m*)
* Situated above Council basement carpark
* Positioned at the rear of the complex
* Favourable Comprehensive Development Zoning - with a preferred height limit of 12 levels up to a height of 41m* (STCA) under the FMAC structure plan.
For further information or to arrange an inspection, please contact:
Linda Ellis 0400 480 397
James Dodge 0488 586 896
Jamie Stuart 0412 565 562
Evan Lykourinos 0414 555 455
PLEASE NOTE:
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 11/490-504 Nepean Hwy, Frankston, VIC 3199
- 18 Oct 2023Listed for Sale Contact Agent
- 16 Feb 2023Listed for Sale Contact Agent
- 16 Feb 2023Listed for Rent - Price not available
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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 21,849 properties. Over the last 5 years, Houses in Frankston have seen a 11.22% increase in median value, while Units have seen a 16.96% increase. As at 31 July 2026:
- The median value for Houses in Frankston is $829,312 while the median value for Units is $572,690.
- Houses have a median rent of $599 while Units have a median rent of $500.
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