493 Nepean Highway, Frankston, VIC 3199 | Property Value & History | OnTheHouse
 
OFF MARKET

493 Nepean Highway
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 80m2
Land area: 143m2
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Property Details for 493 Nepean Hwy, Frankston

Building Type
Commercial
Floor Size
80m2
Land Size
143m2
Local Government
Frankston
Lot/Plan
1/TP399680

Last Listing description (December 2019)

Ray White Commercial Oakleigh are excited to offer to market opportunity to secure this established ground floor retail space, modern fit-out and chattels to remain.

Currently trading as a pizza restaurant - walk in and start trading! situated in arguably one of the most prominent locations on the thriving and Nepean Hwy shopping precinct.


Key Benefits Include:

- Total lettable area | 86m2*
- Natural gas, grease trap, wood fired oven, canopy plus fit out to remain
- The hard work is done - ready to start operating
- Ample on street and council parking for customers
- Surrounded by various complementing business such as retail, essential services, cafes and restaurants
- Inspection will impress!

Lease $24,000 p/a + GST + Outgoings

For more information please contact the exclusive marketing agents below:

George Kelepouris - 0425 798 677
Joshua Colosimo - 0413 790 309

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Property History for 493 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$175,000
31 Jan 1997
Listed for Rent
$460/w
05 Dec 2019
  • 31 Jul 2019
    Listed for Rent $24,000 / year
  • 13 Jun 2014
    Listed for Rent - Price not available
  • 31 Jan 1997
    Sold for $175,000
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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 21,756 properties. Over the last 5 years, Houses in Frankston have seen a 37.66% increase in median value, while Units have seen a 34.11% increase. As at 30 November 2025:

  • The median value for Houses in Frankston is $855,978 while the median value for Units is $580,928.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 69 properties listed for sale, and 60 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1184 properties were sold in the past 12 months in Frankston.

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© 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.

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