31 Wells Road, Seaford, VIC 3198 | Property Value & History | OnTheHouse
 
OFF MARKET

31 Wells Road
Seaford VIC 3198

Bedrooms: 6
Bathrooms: -
Car spaces: -
Land area: 1038m2
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Property Details for 31 Wells Rd, Seaford

Building Type
Commercial
Land Size
1038m2
Local Government
Frankston
Lot/Plan
1/PS439381

Last Listing description (July 2022)

Ray White Commercial Oakleigh is excited to present 31 Wells Road, Seaford to market via Online Auction scheduled for Thursday 23rd June 2022 @ 12PM. This is a fantastic stand alone investment opportunity which is leased until 2028 along with further options and is exactly what the market has been demanding.

The property benefits from having over 12m of frontage to busy Wells Road and is surrounded by an abundance of National & International operators including Izuzu, Jax Tyres & Service as well as Renault. Conveniently, the property is easily accessible via many arterial roads including Frankston Freeway, Eastlink (M3), Nepean Highway with Bayside Shopping Centre, Kananook Train Station and Bus stop serviced by routes 779 & 832 at its doorstep.

The property is in an Industrial 1 (IN1Z) and comprises of a two-storey building that includes a reception area, two (2) laundries and ten (10) rooms, most of which have self-contained amenities. The property is being offered with a current tenancy in place to Paradise Angels who have been leasing the premises since February 2018.

Land area | 1044m2 approx
Building area | 320m2 approx
Currently returning | $108,000 p/a + GST + outgoings
10 + 10 + 10 Year Lease (Commenced 2018)
Fourteen (14) on-site car spaces
Serviced by major arterial roads such as Wells Road, Frankston Freeway and Nepean Highway
Prime location with over 12m exposure to Wells Road
Industrial 1 Zone (IN1Z)
Licensed Use | Brothel

For further information please contact one of the appointed marketing agents:

George Kelepouris | 0425 798 677
Simon Liang | 0451 954 318

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agent.

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Property History for 31 Wells Rd, Seaford, VIC 3198

A timeline of how this property has performed in the market
Last Sold
$1,560,000
01 Jul 2022
  • 01 Jul 2022
    Sold for $1,560,000
  • 17 May 2022
    Listed for Sale Under Offer
  • 31 May 2012
    Sold for $1,150,000
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About Seaford 3198

The size of Seaford is approximately 12.5 square kilometres. It has 35 parks covering nearly 24.3% of total area. The population of Seaford in 2016 was 16463 people. By 2021 the population was 17215 showing a population growth of 4.6% in the area during that time. The predominant age group in Seaford is 30-39 years. Households in Seaford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seaford work in a professional occupation.In 2021, 62.90% of the homes in Seaford were owner-occupied compared with 62.60% in 2016.

Seaford has 10,785 properties. Over the last 5 years, Houses in Seaford have seen a 33.46% increase in median value, while Units have seen a 30.11% increase. As at 31 December 2025:

  • The median value for Houses in Seaford is $953,220 while the median value for Units is $687,334.
  • Houses have a median rent of $580 while Units have a median rent of $523.
There are currently 34 properties listed for sale, and 23 properties listed for rent in Seaford on OnTheHouse. According to Cotality's data, 551 properties were sold in the past 12 months in Seaford.

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