1045 Frankston-Flinders RoadSomerville VIC 3912
Property Details for 1045 Frankston-Flinders Rd, Somerville
Last Listing description (November 2023)
Gross Waddell ICR and Jacobs & Lowe are pleased to present this perfectly positioned Petrol Station Investment, in the heart of vibrant Somerville on the busy Frankston-Flinders Road running through the Peninsula.
Anchored by Shell Coles Express, the property offers a substantial rental of $253,213.44 pa* net across it's convenience store & 12 associated petrol pumps.
- ASX listed tenant - Viva Energy Australian Pty Ltd offering a current rental of $253,213.44* with over 7 years remaining plus 2 further 5 year options
- Large landholding of 2,356 sqm* zoned General Residential (GRZ1) Prime location exposed to thousands of cars daily
- Moments away from Somerville Central Shopping Centre, Somerville Train Station & bustling Coles and Woolworths supermarkets
- Gateway to thriving Mornington Peninsula wine region and key bayside spots
For further details contact the exclusive sales agents at Gross Waddell ICR or Jacobs & Lowe.
*Approx.
#Single holding basis
Property History for 1045 Frankston-Flinders Rd, Somerville, VIC 3912
- 13 Jan 2025Sold for $4,000,000
- 06 Mar 2023Listed for Sale Contact Agent
Recent sales nearby
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About Somerville 3912
The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2016 was 11336 people. By 2021 the population was 11767 showing a population growth of 3.8% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 79.80% of the homes in Somerville were owner-occupied compared with 77.30% in 2016.
Somerville has NaN properties. Over the last 5 years, Houses in Somerville have seen a 23.42% increase in median value, while Units have seen a 21.21% increase. As at 31 March 2026:
- The median value for Houses in Somerville is $946,015 while the median value for Units is $627,997.
- Houses have a median rent of $650 while Units have a median rent of $555.
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