445 Cranbourne-Frankston Road, Langwarrin, VIC 3910 | Property Value & History | OnTheHouse
OFF MARKET

445 Cranbourne-Frankston Road
Langwarrin VIC 3910

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2465m2
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Property Details for 445 Cranbourne-Frankston Rd, Langwarrin

Building Type
Commercial
Land Size
2465m2
Local Government
Frankston
Lot/Plan
1/LP97384

Last Listing description (February 2023)

Offered for the first time since 1976 this exciting freehold opportunity is ideal for the astute investor that appreciates the value of a secure tier 1 tenant along with being ideally located in the fast growing south eastern Melbourne corridor.

Key property information


- Income of $136,992 pa. +GST
- Two further terms of 5 years out to 2035 with rent reviews
- Leased since 2010 to United Petroleum one of Australia's largest independent fuel retailers with 465 sites across Australia
- Tenant pays all outgoings
- Land area 2,456m2 - Floor area 125m2
- Brilliant exposure on main arterial between Bayside & the City of Casey
- Extensive fixtures and fittings incl: 3 x underground 45kL Fibreglass tanks, 2 x underground 40kL fibreglass tanks, Underground lines, Building and Canopy, Air-conditioning Systems & Compressors.

For Sale

Terms
Deposit - 10%
Settlement 60-90 days


Contact Harcourts Mornington for further information
Jeremy Slade 0407 689 024
Cameron Miller-Randle 0448 811 021

Property History for 445 Cranbourne-Frankston Rd, Langwarrin, VIC 3910

A timeline of how this property has performed in the market
Last Sold
$1,900,000
07 Feb 2023
  • 07 Feb 2023
    Sold for $1,900,000
  • 21 Jun 2022
    Listed for Sale Not Disclosed
  • 01 Jun 2016
    Sold for $750,000
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About Langwarrin 3910

The size of Langwarrin is approximately 28.8 square kilometres. There are 39 parks, covering nearly 12.2% of the 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 10,350 properties. Over the last 5 years, Houses in Langwarrin have seen a 12.82% increase in median value, while Units have seen a 24.53% increase. As at 30 June 2026:

  • The median value for Houses in Langwarrin is $947,489 while the median value for Units is $658,434.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 65 properties listed for sale, and 10 properties listed for rent in Langwarrin on OnTheHouse. According to Cotality's data, 473 properties were sold in the past 12 months in Langwarrin.

Suburb Insights for Langwarrin 3910

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.