FOR SALE
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1316 Frankston-Flinders Road
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 300m2
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Commercial building Plus ongoing Business……

If you're looking to take the next step in your career, or have dreams of being your own boss and your own property!!!
This property is well located at the Main Street on a huge corner block of land 1556 m2 (Approx.) with high foot traffic and turnover. Charming Grocery, gift & vegetable shop offers endless opportunities for alternative uses (S.T.C.A.).
Large multi-function building of approximately 300 m2 with loading docks, plenty of refrigeration, huge cool room, high ceilings, big block has lots of parking and the charm of days gone by. The established Fruit & Veggies has been in operation for over a decade. It's a simple shop that has room for much more potential to growth.
- CURRENT WITH HIGH TAKING PER WEEK
- HIGH FOOT TRAFFIC PRECINCT WITH REGULAR CUSTOMERS
- HIGH POTENTIALS WITH PROJECTED INCREASE SALES WITH STABLE INCOME
- EASY TO RUN BY A COUPLE WITH LESS PAYMENT OF WAGES
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Property Details for 1316 Frankston-Flinders Rd, Somerville

Building Type
Commercial
Floor Size
300m2

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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 2011 was 10,730 people. By 2016 the population was 11,340 showing a population growth of 5.7% 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 2011, 78.2% of the homes in Somerville were owner-occupied compared with 77.3% in 2016.

Somerville has 5,740 properties. Over the last 5 years, Houses in Somerville have seen a 41.76% increase in median value, while Units have seen a 29.03% increase. As at 31 August 2024:

  • The median value for Houses in Somerville is $851,438 while the median value for Units is $556,214.
  • Houses have a median rent of $580 while Units have a median rent of $505.
There are currently 27 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 195 properties were sold in the past 12 months in Somerville.

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Cheng Sok
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Rosy Tran
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Raine & Horne Springvale
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