FOR SALE
$ 1,000,000 - $ 1,100,000

16 Young Street
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 230m2
Land area: 278m2
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High Exposure and Busy Traffic- Retail Shop

Attention to all investors, this is your opportunity to purchase this prime retail investment property in the heart of booming Frankston. If you are looking to open a retail business, in a very busy location.
Located right opposite to Frankston Station, meters from the Bayside Shopping Centre & Hoyts Theatres, this high-profile retail shop creates an opportunity for investors to secure a great property. surrounded by Medical Centre, Finance Company, Accountants, Café, Restaurant and many other businesses large and small.
Features:
- next to bus stops
- 3 separate offices, kitchenette, toilet, storage area, reception area, waiting room & staff amenities
- Floor area approx. 280 sqm
- Ex-Lock Mart retail shop
- Carpet throughout
- Parking at rear
- Great compact property with rear access
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Property Details for 16 Young St, Frankston

Building Type
Commercial
Floor Size
230m2
Land Size
278m2

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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.

Frankston has 21,714 properties. Over the last 5 years, Houses in Frankston have seen a 25.85% increase in median value, while Units have seen a 22.93% increase. As at 30 November 2024:

  • The median value for Houses in Frankston is $730,330 while the median value for Units is $515,139.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 104 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 926 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Rosy Tran
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Cheng Sok
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Raine & Horne Springvale
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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.