18 Netherplace DriveFrankston VIC 3199
Property Details for 18 Netherplace Dr, Frankston
18 Netherplace Dr, Frankston is a 13 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 3737m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Last Listing description (September 2021)
RARE OPPORTUNITY
This is a rare opportunity to secure property with land size of approximately 3732m2 Zoned Residential General 1 - there is potential for future significant development STCA. The property is currently operating as a Boarding House & is permitted to operate as a Medical Centre, Aged Care Facility, Place of Worship plus several other options. The current rental return is $109,115 per annum. The building is expansive offering 865sqm approx. with 13 bedrooms, 6 bathrooms, a common lounge & dining area, kitchen, managers offices & staff room. The property is fitted with hydronic heating and split system air conditioning units.
Positioned with immediate access to arterial routes including Eastlink, Peninsula Link & Frankston Freeway in prime Frankston location near schools, shops, public transport, doctors and sporting grounds in the fast growing Frankston precinct this is one to add to your portfolio and build your wealth.
PROPERTY HIGHLIGHTS
Currently leased until 1 July 2021
Fixed annual rent increases
Approximately 3732m2 site
DESCRIPTION
+ further 15 year option to 2036
+ Fixed annual rent increases
+ Expansive building of 865m2
+ Substantial 3732m2 site 1km from Mount Erin College with immediate access to arterial routes including Eastlink, Peninsula Link & Frankston Freeway
+ Net Income: $99,195pa + GST
+ Land Tax Exemption - compensation re special needs accomodation
Call Jenny on 0432 685 961 or email jennyb@craigmann.com.au to register your interest today.
Property History for 18 Netherplace Dr, Frankston, VIC 3199
- 27 Aug 2020Sold for $1,900,000
- 19 Dec 2019Listed for Sale Contact Agent
- 20 Sep 2019Transferred
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0About 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 21,742 properties. Over the last 5 years, Houses in Frankston have seen a 21.15% increase in median value, while Units have seen a 20.33% increase. As at 28 February 2025:
- The median value for Houses in Frankston is $735,651 while the median value for Units is $509,131.
- Houses have a median rent of $550 while Units have a median rent of $470.
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