374 Nepean HighwayFrankston VIC 3199
Property Details for 374 Nepean Hwy, Frankston
Last Listing description (January 2024)
Situated in the heart of Frankston, walking distance to Bayside shopping and 300m to the beach, this substantial corner block measuring of approximately 3420m2 in Commercial Zone 1 is ripe for multi-level development, potential to build up to 66 apartments (STCA).
The consulting suite consists of reception area, offices, meeting rooms and storage facilities, a huge car park, and floor area of 1215sqm (approx) currently rental return of $104,400 pa GST included until 2017, if suite 1 and 3 are fully leased can generate extra up to $156,000 rental income per year.
Easy access to Eastlink, Freeway, public transport and train station, this is a perfect opportunity to develop or invest in the Melbourne's Premier Bayside capital.
Property History for 374 Nepean Hwy, Frankston, VIC 3199
- 08 Jan 2024Listed for Sale Not Disclosed
- 09 Sep 2022Sold for $6,000,000
- 11 Feb 2021Listed for Sale EOI Closed - Offers Under Review
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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