521-523 Nepean HighwayFrankston VIC 3199
Property Details for 521-523 Nepean Hwy, Frankston
Last Listing description (December 2021)
- 521 Nepean Highway is ideally nestled between Esplanade Reserve and opposite Olivers Hill Beach providing outstanding lifestyle amenity
- The property represents a supreme opportunity for a high end residential development with seaside views
- The property is located on the approach to the exclusive Olivers Hill precinct of Frankston, home to some of the most expensive residential houses within the Mornington Peninsula. It is also situated less than 1km* from the Frankston CBD and Frankston Train Station, which provides direct and easy access to the Melbourne CBD. The Frankston Hospital is also just 1km*
- Situated on the Nepean Highway, the property boasts supreme connectivity to the greater Mornington Peninsula, including Mt Martha Beach (3.35km*), Mornington Country Golf Course (9km*) and Sorrento (38km*). But best of all, beach access is just across the road
- Upon settlement, Caltex will remain in occupation under a Licence Agreement whilst the demolition and remediation works are being undertaken. A licence fee will be paid by Caltex during this period
- For more information on the full portfolio, please visit www.thenationald evelopmentsiteportfolio.com.au
*Approx
For further information please contact the exclusive sales and marketing agents:
CBRE Melbourne
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au
Stonebridge Property Group
Lincoln Blackledge
+61 408 780 772
Property History for 521-523 Nepean Hwy, Frankston, VIC 3199
- 03 Sep 2021Listed for Sale SOLD - $3,125,000
- 05 Dec 2019Sold for $3,125,000
- 20 Sep 2019Listed for Sale Contact Agent
Recent sales nearby
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0About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the 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 21,785 properties. Over the last 5 years, Houses in Frankston have seen a 14.92% increase in median value, while Units have seen a 20.83% increase. As at 30 June 2026:
- The median value for Houses in Frankston is $840,298 while the median value for Units is $574,722.
- Houses have a median rent of $595 while Units have a median rent of $495.
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