1 Cranbourne-Frankston RoadLangwarrin VIC 3910
Property Details for 1 Cranbourne-Frankston Rd, Langwarrin
Last Listing description (June 2020)
Secure 15 year lease to Shell/Viva, a blue-chip $3 billion ASX-listed tenant with 1,292 fuel sites across Australia.
High-profile 2,407sqm* site with 114m* exposure to significant traffic volumes.
Prime location just off the Mornington Peninsula Freeway with Karingal Hub Shopping Centre, Dan Murphys, Chemist Warehouse and the Peninsula Private Hospital all within 450m*.
Easy vehicular access provided by 3 two-way crossovers.
Excellent depreciation, 78% of rent potentially tax deductible**.
Tenant responsible for repairs and replacement of fuel tanks.
Supplementary income from Rapid Tune, Melbournes fastest growing auto repair network with 21 locations statewide, recently extended lease commitment until 2027.
Melbourne growth location, 4.2km* from Frankston CBD, with 41,748 residents within 3km***.
Strategic essential service investment.
Net Income: $356,867 pa* + GST
*Approx
**Napier and Blakeley
***GapMaps
Investment Portfolio Auction 137
Melbourne
10.30am AEST, Wednesday 24 June 2020
River Room, Crown Casino, Melbourne
To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.
Property History for 1 Cranbourne-Frankston Rd, Langwarrin, VIC 3910
- 24 Jun 2020Sold for $5,500,000
- 28 May 2020Listed for Sale Price on Request
- 16 Apr 2018Listed for Sale Not Disclosed
Recent sales nearby
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0About Langwarrin 3910
The size of Langwarrin is approximately 28.8 square kilometres. It has 39 parks covering nearly 12.2% of total area. The population of Langwarrin in 2016 was 22588 people. By 2021 the population was 23588 showing a population growth of 4.4% in the area during that time. The predominant age group in Langwarrin is 30-39 years. Households in Langwarrin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Langwarrin work in a trades occupation.In 2021, 80.40% of the homes in Langwarrin were owner-occupied compared with 78.30% in 2016.
Langwarrin has 10,285 properties. Over the last 5 years, Houses in Langwarrin have seen a 22.42% increase in median value, while Units have seen a 33.99% increase. As at 30 April 2026:
- The median value for Houses in Langwarrin is $979,981 while the median value for Units is $678,207.
- Houses have a median rent of $650 while Units have a median rent of $540.
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