5 Hastings RoadFrankston VIC 3199
Property Details for 5 Hastings Rd, Frankston
Last Listing description (November 2016)
Colliers International are pleased to present this strategically located fully leased medical premises for sale by expressions of interest.
Securely leased to a well-established national tenant, Australian Clinical Labs, on a new 5 year triple net lease providing any incoming investor with a solid income stream as well as future upside.
Well located directly opposite Frankston Hospital, the property benefits from a large land holding of 1,821m with significant street exposure and frontage to Hastings Road.
Property History for 5 Hastings Rd, Frankston, VIC 3199
- 21 Nov 2016Sold for $3,100,000
- 20 Oct 2016Listed for Sale Not Disclosed
- 23 Sep 2016Sold for $21,500,237
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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 21,733 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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