497 Nepean HighwayFrankston VIC 3199
Property Details for 497 Nepean Hwy, Frankston
497 Nepean Hwy, Frankston is a bedroom, bathroom House. The property has a land size of 154m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in December 2002.
Last Listing description (July 2017)
FANTASTIC BUSINESS WHICH HAS BEEN ESTABLISHED FOR MANY DECADES AND IS SO WELL KNOWN BY THE FRANKSTON COMMUNITY!IT'S LOCATION OF BUSINESS COULD NOT BE ANY BETTER BEING RIGHT NEXT DOOR THE THE GRAND HOTEL AND ACROSS THE ROAD FROM THE PIER HOTEL, THE DECK AND CHEEKY SQUIRE - GETTING THE NIGHT LIFE BUSINESS FROM ALL 4 HOTELS.TURN OVER IS APPROXIMATELY 1 MILLION DOLLARS PER YEAR AS VENDOR STATES IT'S A GREAT CASH BUSINESS.RENT FOR THE BUSINESS IS $804P/W AND THE LEASE IS 5X5X5 YEARS.ALL EQUIPMENT IS IN GOOD ORDER AND PLENTY OF ROOM FOR PREPARATION INCLUDING A HUGE COOL ROOM.PLUS AN ATM MACHINE WHICH THEY RECEIVE COMMISSION ON!DON'T MISS OUT ON THIS INCREDIBLE OPPORTUNITY TO BUY A GREAT, WELL KNOWN FISH AND CHIP SHOP!
Property History for 497 Nepean Hwy, Frankston, VIC 3199
- 31 Jul 2017Listed for Sale Not Disclosed
- 12 Dec 2002Sold for $180,000
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 21,735 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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