45 Foot StreetFrankston VIC 3199
Property Details for 45 Foot St, Frankston
Last Listing description (November 2023)
It's taken 25 years for this terrific freehold to come on to the market. Now is your opportunity to secure it for your future.
Foot Street's group of shops are known as one of the best and busiest local neighborhood strip groups in the City of Frankston. With a strong and diverse mix of businesses including cafes, fruiterer, bakery, pharmacy, news/lotto agency, takeaways and more, this property is in the center of them all.
45 Foot Street houses Foot Street Cellars and Supermarket. In September this year, the business operator entered in to a new five year lease, with further five year options. Now that tenant confidence will give comfort to anyone considering investing in the property.
It's many attributes include:
* Rent of $65,000 per annum net
* Annual rent reviews
* Brand new 5 year lease from 15 September 2023
* Two further 5 year lease options
* Sizeable security deposit paid
* Commercial 1 Zone
* Building area: 180sqm*
* Land area: 187sqm*
* Angle parking on Foot Street directly in front
* Rear access from lane
Terms: 10% deposit, balance 30/60/90 days
Inspections: By appointment only
For further information or to arrange an inspection, please contact the listing agents.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 45 Foot St, Frankston, VIC 3199
- 14 Dec 2023Sold for $1,050,000
- 20 Oct 2023Listed for Sale Contact Agent
- 27 Feb 1998Sold for $360,000
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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 21,643 properties. Over the last 5 years, Houses in Frankston have seen a 28.22% increase in median value, while Units have seen a 25.38% increase. As at 30 September 2024:
- The median value for Houses in Frankston is $723,155 while the median value for Units is $511,678.
- Houses have a median rent of $550 while Units have a median rent of $450.
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