12 Fairway StreetFrankston VIC 3199
Property Details for 12 Fairway St, Frankston
Last Listing description (September 2022)
Ray White Commercial Ferntree Gully is delighted to present For Sale this versatile, tenanted property returning $13,917 per annum plus GST and Outgoings.
The 72 sqm* building offers a range of possible uses including a restaurant, retail outlet or office.
Located just moments from Frankston CBD, the property includes significant street frontage and potential for future development (STCA). Plenty of parking is available on Fairway Street and nearby side streets making this an excellent prospect for any commercial enterprise.
- Building Area: 72 sqm*
- Land Area: 191 sqm*
- $13,917 Per Annum Net
- Development Potential (STCA)
- Walk To Frankston CBD
- Rear Lane Access
- Close to Frankston Freeway and Eastlink
- Commercial 1 Zone (C1Z)
* Approximate
(STCA) Subject to Council Approval)
To arrange an inspection or to obtain a copy of legal documentation, please contact Mitch Rosam or Paul Waterhouse.
Property History for 12 Fairway St, Frankston, VIC 3199
- 27 Jul 2021Sold for $345,000
- 06 Jul 2021Listed for Sale Contact Agent
- 14 Dec 2001Transferred
Recent sales nearby
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About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of 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 21,737 properties. Over the last 5 years, Houses in Frankston have seen a 28.17% increase in median value, while Units have seen a 31.91% increase. As at 31 March 2026:
- The median value for Houses in Frankston is $868,576 while the median value for Units is $592,456.
- Houses have a median rent of $580 while Units have a median rent of $490.
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