481 Nepean HighwayFrankston VIC 3199
Property Details for 481 Nepean Hwy, Frankston
Last Listing description (March 2016)
RARE OPPORTUNITY TO PURCHASE THE FREEHOLD AND BUSINESS OR BUSINESS ONLY. SITUATED ON HIGH PROFILE MAIN ROAD WITH EXCEPTIONAL TRAFFIC ACTIVITY AND EXPOSURE, MODERN DCOR WITH RELAXING AMBIANCE. ESTABLISHED 24 YEARS AS ASIAN/THAI RESTAURANT, FULLY LICENCED, WITH SEATING CAPACITY 80 PLUS 20 MEZZANINE, LARGE COMMERCIAL KITCHEN WITH HIGH QUALITY STAINLESS STEEL FIXTURES AND EQUIPMENT, WALK-IN COOL ROOM, 2 FREEZERS, MADE TO ORDER UNDER BAR FRIDGE ETC., FULLY BAR SERVICE AREA AND MODERN GLASS DOOR DISPLAY FRIDGE. CURRENTLY TRADING 6 NIGHTS, OPPORTUNITY TO OPEN FOR LUNCHES AND INCREASE TURNOVER WITH LONG LEASE TERMS BY NEGOTIATION.
Property History for 481 Nepean Hwy, Frankston, VIC 3199
- 17 Nov 2017Sold for $935,000
- 11 Mar 2016Listed for Sale $700,000
- 07 May 2013Listed for Sale P.O.A.
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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 21,754 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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