SOLD
Sold on 01 Aug 2024 for $1,400,000

1/2 Frankston Gardens Drive
Carrum Downs VIC 3201

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 564m2
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Property Details for 1/2 Frankston Gardens Dr, Carrum Downs

Building Type
Commercial
Land Size
564m2
Local Government
Frankston
Lot/Plan
1/PS412883

Last Listing description (January 2023)

Nichols Crowder are delighted to offer for lease this once in a decade opportunity. Occupied by Middy's Electrical for over 20 years! This well recognised building is located on the corner of Frankston Dandenong Road and Frankston Gardens Drive next door to Paint Spot. Only meters from Peninsula Link on/off ramps with Melbourne CBD only 45 minutes* away.

Key features include:

* Total building area 450sqm*

* Inclusive of a 64sqm mezzanine
* Two partitioned offices
* Front and rear entrances
* Motorised roller door up to 4.3m* High
* Male/Female amenities
* Lunchroom
* 9 Carparks on title (7 additional common carparks)
* Zoned Industrial 1
* Available 1/3/2023
* Outgoings $6,000 p.a.*

For further information or to arrange an inspection, please contact

James Dodge or Josh Monks

PLEASE NOTE:

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

Property History for 1/2 Frankston Gardens Dr, Carrum Downs, VIC 3201

A timeline of how this property has performed in the market
Last Sold
$1,400,000
01 Aug 2024
Listed for Rent
$1.15k/w
31 Jan 2023
  • 01 Aug 2024
    Sold for $1,400,000
  • 14 Dec 2022
    Listed for Rent $60,000 / year
  • 09 Dec 2021
    Sold for $910,000
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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 12,559 properties. Over the last 5 years, Houses in Carrum Downs have seen a 27.75% increase in median value, while Units have seen a 27.99% increase. As at 31 October 2024:

  • The median value for Houses in Carrum Downs is $711,224 while the median value for Units is $564,735.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 37 properties listed for sale, and 15 properties listed for rent in Carrum downs on OnTheHouse. According to CoreLogic's data, 515 properties were sold in the past 12 months in Carrum downs.

Suburb Insights for Carrum Downs 3201

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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.