345 Nepean HighwayFrankston VIC 3199
Property Details for 345 Nepean Hwy, Frankston
Last Listing description (November 2023)
RWC Oakleigh is delighted to offer for sale this remarkable corner development opportunity with an approved 4 level development permit plus basement located at 345 Nepean Hwy Frankston.
This site benefits from its centrally located position and vicinity to amenities being a mere 480m* from Bayside Central Shopping Centre which is home to Kmart, Woolworths, Chemist Warehouse, Coles and many more.
Key attributes of the property include:
Total land area | 1,304 sqm*
Two street frontages spanning a combined 84m*
Permit approved for 25 apartments & 1 ground commercial space
High amenity position - Bayside Central Shopping Centre (480m*)
Frankston Train Station (860m*) providing direct access to the Melbourne CBD
Frankston Beach (270m*)
Basement construction commenced - work has been done for you
Elevated position to provide bay views from the completed project
Mixed use Zone (MUZ)
For further information, don't hesitate to get in touch with one of the exclusive marketing agents:
George Kelepouris | 0425 798 677
Theo Karkanis | 0431 391 035
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
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Property History for 345 Nepean Hwy, Frankston, VIC 3199
- 10 Apr 2024Sold for $1,650,000
- 26 Sep 2023Listed for Sale PLANS & PERMITS APPROVED
- 10 Jun 2021Sold for $2,580,000
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0About 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 21,757 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.
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