80-82 Young StreetFrankston VIC 3199
Property Details for 80-82 Young St, Frankston
Last Listing description (September 2023)
Teska Carson is pleased to offer 80-82 Young Street, Frankston for sale by Public Auction on Thursday 21st September 2023 at 12pm on-site.
Exceptional commercial investment opportunity with the following attributes:
- Land Tax exemption pursuant to Section 74 of the Land Tax Act 2005
- Five (5) year lease to 2027 plus two (2) further five (5) year options to 2037
-Leased to Vinnies with over 650 stores across Australia
- Income of $76,011 per annum + GST + Outgoings
- 9.7* metre double width frontage to Main Street and rear access via Gallery Lane
- Directly opposite the $87m upgraded Frankston Train Station car park with over 500 new parking spaces
Please call for further information or to arrange an inspection.
*Approx.
Property History for 80-82 Young St, Frankston, VIC 3199
- 21 Sep 2023Sold for $1,501,000
- 18 Aug 2023Listed for Sale Contact Agent
- 19 May 2016Listed for Rent - Price not available
Recent sales nearby
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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 21,734 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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