342-344 Nepean HighwayFrankston VIC 3199
Property Details for 342-344 Nepean Hwy, Frankston
Last Listing description (March 2021)
This impressive double fronted freehold has been keenly held by one family for ages.
Here is your opportunity to purchase the property and continue that tradition. Or, if you choose to re-develop the site in the future, it is perfect for that option too (STCA).
Lifecare Frankston physiotherapy and sports medicine practice has traded here for some 19 years and previously another similar allied health business traded here for around 8 years prior. That proves the business stability in this property, which is of paramount importance for any investor.
Key features include:
* Tenant: Zenitas HNA Trusco Pty Ltd ATF Lifecare Frankston
* 5 year lease until April 2024
* Annual net rent $61,800 p.a.
* Building area: 350sqm*
* Large on-site parking area
* Wide frontage to Nepean Highway of 33.6m*
* Land area: 1,600sqm*
* Kananook Creek flows past the rear boundary (refer to the attached Title plan)
* Mixed Use zone offers huge development potential (STCA)
GST: This property will be sold as a Going Concern
Terms: 10% deposit, balance 30/60/90 days
Please contact the selling agents for more detail, information memorandum and sale documents.
Inspections: By appointment only.
Linda Ellis - 0400 480 397
Michael Crowder - 0408 358 926
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 342-344 Nepean Hwy, Frankston, VIC 3199
- 11 Mar 2021Sold for $1,632,500
- 09 Feb 2021Listed for Sale Contact Agent
- 06 May 2000Listed for Sale Not Disclosed
Recent sales nearby
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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 21,675 properties. Over the last 5 years, Houses in Frankston have seen a 24.64% increase in median value, while Units have seen a 29.97% increase. As at 30 April 2026:
- The median value for Houses in Frankston is $867,535 while the median value for Units is $593,226.
- Houses have a median rent of $590 while Units have a median rent of $490.
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