303 Nepean HighwayFrankston VIC 3199
Property Details for 303 Nepean Hwy, Frankston
Last Listing description (September 2024)
This prime piece of real estate, located on Nepean Highway in Frankston, is bound to be snapped up quickly in the current market. The corner block has plans and permits approved for the construction of a state-of-the-art medical centre, making it the perfect investment opportunity for developers across Australia.
The site is located within walking distance from the beach, offering stunning views that cannot be compared. Additionally, it is only a minute away from the freeway, making it an easy 50-minute drive to Melbourne's CBD.
The planning permit is in place and the hard work has been done for you!
All the leases are in place, the suites are now teneted and apartments are pre-sold!
Just BUILD!
Don't miss this opportunity. Plans completed for this magnificent building.
Spectacular designs and ready to go.
The project will consist of four levels, including a large foyer, cafe, library, consulting rooms, rehabilitation area, and penthouse apartments, all designed by C. Kairouz Architects Melbourne.
Property History for 303 Nepean Hwy, Frankston, VIC 3199
- 19 Apr 2024Listed for Sale ENQUIRE WITHIN
- 01 Jun 2020Sold for $750,000
- 30 Jul 2018Listed for Sale Not Disclosed
Recent sales nearby
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0About 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 21,696 properties. Over the last 5 years, Houses in Frankston have seen a 18.95% increase in median value, while Units have seen a 28.28% increase. As at 31 May 2026:
- The median value for Houses in Frankston is $850,246 while the median value for Units is $594,484.
- Houses have a median rent of $590 while Units have a median rent of $490.
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