42B Young StreetFrankston VIC 3199
Property Details for 42b Young St, Frankston
Last Listing description (October 2018)
Ray White Commercial Victoria is delighted to offer for sale by way of public auction on Friday 24th August 2018, this outstanding retail investment located within South-East Melbourne's growth corridor.
Leased to a long-term and established tenant since 2015 with a brand new five (5) year lease with five (5) year option from 19th July 2018.
Located right near the Bayside Shopping Centre In Frankston and directly opposite the soon to be upgraded Frankston train station. The property is also just a stone's throw away from major arterial roads such as the Frankston Freeway, Peninsula Link and Nepean Highway, this property presents one excellent investment opportunity.
- Total Building Area | 125m2 (approx)
- Current Rental | $28,576 per annum + GST + Outgoings
- Leased to Frankston Tattoo since 2015 - Long term and established tenancy
- New Five (5) year lease from 19th July 2018
- One (1) further term of five (5) years
- CPI annual increases
- Busy location with high amounts of foot-traffic
- Area undergoing major transformation
- Commercial 1 Zoning (C1Z)
For further information or to arrange an on-site inspection, please contact one of the exclusive marketing agents:
Joshua Colosimo - 0413 790 309
Ryan Amler - 0401 971 622
Property History for 42b Young St, Frankston, VIC 3199
- 24 Aug 2018Sold for $550,000
- 24 Aug 2018Sold for $550,000
- 16 Jul 2018Listed for Sale Auction 24/08/18
Recent sales nearby
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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 21,733 properties. Over the last 5 years, Houses in Frankston have seen a 28.17% increase in median value, while Units have seen a 31.91% increase. As at 31 March 2026:
- The median value for Houses in Frankston is $868,576 while the median value for Units is $592,456.
- Houses have a median rent of $580 while Units have a median rent of $490.
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