487 Nepean HighwayFrankston VIC 3199
Property Details for 487 Nepean Hwy, Frankston
Last Listing description (March 2022)
This wonderfully positioned Nepean Highway ground floor shop is for sale.
Great location. Great condition. Great tenant.
Astute investors please note:
* Commercial tenancy to local Law firm
* Net rental return of $26,763 per annum
* Tenant pays all outgoings
* Spacious offices plus large garage/ storage off rear lane.
For further information or to arrange an inspection, please contact:
Linda Ellis 0400 480 397
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 487 Nepean Hwy, Frankston, VIC 3199
- 24 Apr 2024Sold for $650,000
- 16 Dec 2022Sold for $600,000
- 08 Nov 2019Listed for Sale $610,000 / $28,000 p.a. + Outgoings
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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 21,617 properties. Over the last 5 years, Houses in Frankston have seen a 25.61% increase in median value, while Units have seen a 22.65% increase. As at 31 October 2024:
- The median value for Houses in Frankston is $722,720 while the median value for Units is $505,673.
- Houses have a median rent of $550 while Units have a median rent of $453.
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