LEVEL 1/100 Young StreetFrankston VIC 3199
Property Details for Level 1/100 Young St, Frankston
Last Listing description (November 2022)
Nichols Crowder is delighted to bring to market 100 Young Street, Frankston.
Opportunities like this don't become available often, with this property being held by the same family for over 19 years.
Located on Young Street, with Frankston Station diagonally opposite and Bayside Shopping Centre behind.
Featuring two leased tenancies returning a total of $82,660 per annum + outgoings + GST.
The ground floor tenant "Professional Hair Care Products" has traded here since 2006.
Key features include:
* Total rental income of $82.660 PA + outgoings + GST
* From 01/11/22 new 10 year lease on ground floor
* Total building area: 365sqm* (over two levels)
* First floor area: 200sqm*
* Ground floor area: 165sqm*
* Total land area: 268sqm*
* 10m* frontage to Young Street
* Commercial 1 Zone
* Brand new roof installed in 2022
* Being sold as a "going concern"
* Council preliminary building height range 10-16 storey (STCA)
* Council is encouraging high density housing in Frankston's CAD
* Near the soon to be built 500 space multi-deck commuter carpark
Terms: 10% Deposit, Balance 30/60/90 Days
For further information or to arrange an inspection, please contact:
James Dodge
Linda Ellis
PLEASE NOTE:
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for Level 1/100 Young St, Frankston, VIC 3199
- 10 Oct 2022Listed for Sale $1,500,000 - $1,650,000
- 27 Oct 2016Listed for Rent - Price not available
- 17 Nov 2014Transferred
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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