16 Fairway Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

16 Fairway Street
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 197m2
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Property Details for 16 Fairway St, Frankston

Building Type
Commercial
Land Size
197m2
Local Government
Frankston
Lot/Plan
8/LP40861

Last Listing description (July 2021)

Ray White Commercial Ferntree Gully is delighted to present For Sale, these retail or office buildings, which are located just a few minutes from the trains and shops of central Frankston.

Comprising two (2) potentially separate properties, interest is welcomed from buyers looking to purchase either one of the premises individually or, both properties together. The total building area for number 16 Fairway Street is 140 sqm *. The total building area for number 18 Fairway Street is 180 sqm *. The property could also has further development potential (STCA).


Both premises include a number of offices, storage areas and toilet facilities, with number 18 also offering a bathroom with shower. Number 16 includes a kitchenette and staff lounge. Large multi purpose sheds are available at the rear and a major bonus is direct access to both premises from the laneway that runs behind the property.

The properties currently have a number of tenants occupying offices that could be kept on for any buyer looking to hold the properties as investments.

The premises have been finished to a surprisingly high standard have been utilised for many applications. Plenty of off street parking for staff and clients is available at the front of the buildings. An added bonus is the freehold ownership with no body corporate obligations.

#16 Building Area: 140m2 *
#18 Building Area: 180m2 *
#16 Land Area: 205m2 *
#16 Land Area: 161m2 *
Freehold Possession
Development Potential (STCA)
Off Street Parking
Kitchenette
Toilet and Bathroom Facilities
Multi Purpose Sheds
Access from Laneway at Rear
Commercial 1 Zone (C1Z)

Property History for 16 Fairway St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$462,000
14 Jul 2021
  • 14 Jul 2021
    Sold for $462,000
  • 02 May 2021
    Listed for Sale Contact Agent
  • 16 Mar 2002
    Sold for $88,000
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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 21,752 properties. Over the last 5 years, Houses in Frankston have seen a 38.00% increase in median value, while Units have seen a 33.85% increase. As at 31 December 2025:

  • The median value for Houses in Frankston is $863,752 while the median value for Units is $590,364.
  • Houses have a median rent of $575 while Units have a median rent of $490.
There are currently 83 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1165 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.