4/1071 Frankston-Flinders RoadSomerville VIC 3912
Property Details for 4/1071 Frankston-Flinders Rd, Somerville
Last Listing description (September 2023)
Situated in the highly sought-after retail strip with a historically low vacancy rate, this space has an abundance of council car parking and a significant 7m* shop front with exposure to over 7,000 passing vehicles per day.
Your business will reside within an excellent profile of tenancy mixes that generates an extensive mix of consumers and patrons alike with fantastic signage opportunities (STCA).
The 125sqm* space has three allocated car spaces for staff. The turn-key site is ready for your business to move quickly with minimal set-up costs. The space feature's a commercial exhaust canopy, air-conditioning, a grease trap and all the expected amenities with modern seating/dining areas.
Key Features Include:
* Rental $38,000 p.a. + GST + Outgoings
* 125sqm* shop
* Circa 11,000 population catchment (2.2km)
* Minimal set-up costs - Ideal for restaurant or bar
* Three (3) allocated car spaces
* All expected amenities
* Tightly held location
* Available from 1st October 2023
Neighbouring Points of Interest:
* Somerville Shopping Centre 900m*
* Plaza Shopping Centre 650m*
* Somerville Recreation Centre - 600m*
For further information or to arrange an inspection, please contact:
Thomas Gordon 0456 353 432
PLEASE NOTE:
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 4/1071 Frankston-Flinders Rd, Somerville, VIC 3912
- 30 Jun 2023Listed for Rent $30,000 / year
- 19 Feb 2021Sold for $687,999
- 19 Jan 2021Listed for Sale Leased Investement
Recent sales nearby
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0About 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 5,880 properties. Over the last 5 years, Houses in Somerville have seen a 31.47% increase in median value, while Units have seen a 27.63% increase. As at 31 December 2025:
- The median value for Houses in Somerville is $938,275 while the median value for Units is $619,961.
- Houses have a median rent of $650 while Units have a median rent of $565.
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