33 Playne Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
 
OFF MARKET

33 Playne Street
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 303m2
Land area: 137m2
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Property Details for 33 Playne St, Frankston

Building Type
Commercial
Floor Size
303m2
Land Size
137m2
Local Government
Frankston
Lot/Plan
2/TP102828

Last Listing description (December 2021)

AUCTION 2nd December at 12.00pm onsite

* Securely Leased to a long-standing Law Firm, this outstanding investment opportunity is for the astute buyer.

* Lettable floor area 260sqm
* Total site area 325sqm [approx.]
* Lease Expiry, December 2026, with 3 further 5 year option terms.
* Secured by Bank Guarantee.
* Net Annual Rental, $90,000 pa. paid monthly in advance.
* Annual Reviews of 3%.
* Tenant pays all outgoings excluding Land Tax.
* The premises is ideally situated being only 250 metres from Frankston Council, 250 metres from the new Frankston Public Transport Interchange, and 200 metres from Bayside Shopping Centre.
* As a major suburb, Frankston is fast becoming the "place to invest" with in excess of $1 billion dollars being recently spent and committed to future development in the area.
* This property would suit self-managed Superannuation funds or Private Investors.

To make further enquiries regarding this property including an Information Memorandum please contact:
Tom Ayfantis on 0408 574 048 or Myles Snow on 0418 314 109

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Property History for 33 Playne St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,700,000
02 Dec 2021
Listed for Rent
$1.34k/w
05 Apr 2016
  • 02 Dec 2021
    Sold for $1,700,000
  • 26 Oct 2021
    Listed for Sale Price on Application
  • 08 Mar 2016
    Listed for Rent $69,996 / year
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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 21,753 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 73 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1177 properties were sold in the past 12 months in Frankston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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