OFF MARKET

80 Frankston Gardens Drive
Carrum Downs VIC 3201

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 9300m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 80 Frankston Gardens Dr, Carrum Downs

Building Type
Commercial
Land Size
9300m2
Local Government
Frankston
Lot/Plan
54/PS404763

Last Listing description (November 2023)

RWC Oakleigh is excited to offer 80 Frankston Gardens Drive, Carrum Downs for Sale via a Public On-site & Online Auction scheduled for Monday, 18th December 2023 at 3pm.

Offered for the first time in over 25 years, this high yielding prime industrial freehold with landholding of 9,300m2* is located just off EastLink (M3) on the corner of Frankston Gardens Drive & Lathams Road and benefits from 206m* of corner street frontage making it impossible to miss!


The property offers a total building area of 4,070 m2*, providing high clearance clear-span warehouses of 3,570m2* and a split-level office space with amenities of approximately 500m2. Boasting a concrete batching plant, high power supply (400 amps), 8x roller doors, 3x existing crossovers and an abundance of hardstand, this is a truly unique opportunity suitable for astute investors, owner occupiers who want to boost their corporate image or developers who are looking for a premium future development site located in one of South East Melbourne's busiest and easily accessible industrial precincts.

With a maximum lease term until February 2027, take the opportunity to Invest Now then Occupy / Develop in the Future (STCA).

PROPERTY FEATURES:

+ 206m* Corner frontage to Lathams Road & Frankston Gardens Drive
+ Prime Industrial landholding | 9,300m2*
+ Total building area | 4,070m2*
+ Offices / boardroom / staff amenities | 500m2* over two levels
+ Offered with extremely strong income stream^
+ High warehouse clearance up to 8.25m* & 10.8m*
+ High power supply - 400 amps
+ 8x roller doors, 3x overhead cranes (20T, 12.5T & 5T)
+ Concrete Batching Plant along with auto delivery system into warehouse
+ Immediate access to East Link (M3), Peninsula Link & Frankston-Dandenong Road
+ Securely gated and fenced with 3x existing crossovers
+ Invest Now, Occupy / Develop in the Future (STCA)
+ Industrial 1 Zone (IN1Z)
+ Terms of Sale: 10% deposit, Settlement 30 - 120 days

INVESTMENT FEATURES:

+ Leased to Melbourne Architectural Precast Pty Ltd
+ CPI Annual Increases
+ Maximum Lease Term until February 2027

Open for Inspection Times:

Tuesday 21st November | 3:00pm - 3:45pm
Tuesday 28th November | 3:00pm - 3:45pm
Tuesday 5th December | 3:00pm - 3:45pm
Tuesday 12th December | 3:00pm - 3:45pm
Monday 18th December | 2:30pm - 3:00pm (Auction Day)

To register to Bid Online: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property (copy link below):

https://anywhereauctions.com.au/app/property?propertyId=38118

For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:

Theo Karkanis | 0431 391 035
George Kelepouris | 0425 798 677
George Ganavas | 0478 634 562

^ Lease information can be provided upon request
*All areas and figures approximates 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 Agents.

Property History for 80 Frankston Gardens Dr, Carrum Downs, VIC 3201

A timeline of how this property has performed in the market
Last Sold
$317,000
25 Nov 1997
Listed for Rent
$7.67k/w
26 Jun 2024
  • 12 Jun 2024
    Listed for Sale Sale: Contact Agent | Lease: Contact Agent
  • 12 Jun 2024
    Listed for Rent - Price not available
  • 14 Nov 2023
    Listed for Sale Auction
Sign in to see more transactions

Commute Calculator

About Carrum Downs 3201

The size of Carrum Downs is approximately 20.2 square kilometres. It has 46 parks covering nearly 3.6% of total area. The population of Carrum Downs in 2011 was 19,122 people. By 2016 the population was 20,723 showing a population growth of 8.4% in the area during that time. The predominant age group in Carrum Downs is 30-39 years. Households in Carrum Downs are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Carrum Downs work in a trades occupation. In 2011, 70.5% of the homes in Carrum Downs were owner-occupied compared with 67.9% in 2016.

Carrum Downs has 12,472 properties. Over the last 5 years, Houses in Carrum Downs have seen a 30.08% increase in median value, while Units have seen a 29.59% increase. As at 30 September 2024:

  • The median value for Houses in Carrum Downs is $710,130 while the median value for Units is $568,285.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 36 properties listed for sale, and 9 properties listed for rent in Carrum downs on OnTheHouse. According to CoreLogic's data, 500 properties were sold in the past 12 months in Carrum downs.

Suburb Insights for Carrum Downs 3201

Market Insights
Carrum Downs Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Carrum Downs Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.