45 Foot Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
 
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45 Foot Street
Frankston VIC 3199

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Car spaces: 2
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Property Details for 45 Foot St, Frankston

Building Type
Commercial
Local Government
Frankston
Lot/Plan
87/LP51846

Last Listing description (December 2023)

Fantastic Foot Street Freehold Investment

It's taken 25 years for this terrific freehold to come on to the market. Now is your opportunity to secure it for your future.

Foot Street's group of shops are known as one of the best and busiest local neighborhood strip groups in the City of Frankston. With a strong and diverse mix of businesses including cafes, fruiterer, bakery, pharmacy, news/lotto agency, takeaways and more, this property is in the center of them all.

45 Foot Street houses Foot Street Cellars and Supermarket. In September this year, the business operator entered in to a new five year lease, with further five year options. Now that tenant confidence will give comfort to anyone considering investing in the property.

It's many attributes include:

* Rent of $65,000 per annum net
* Annual rent reviews
* Brand new 5 year lease from 15 September 2023
* Two further 5 year lease options
* Sizeable security deposit paid
* Commercial 1 Zone
* Building area: 180sqm*
* Land area: 187sqm*
* Angle parking on Foot Street directly in front
* Rear access from lane

Terms: 10% deposit, balance 30/60/90 days
Inspections: By appointment only

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.

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Property History for 45 Foot St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,050,000
14 Dec 2023
  • 20 Oct 2023
    Listed for Sale Contact Agent
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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 21,752 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 83 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1165 properties were sold in the past 12 months in Frankston.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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