SOLD
Sold on 21 Sep 2023 for $1,501,000

80-82 Young Street
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 346m2
Land area: 363m2
Sold By
Matthew Feld
Teska & Carson
Reece Israel
Teska & Carson
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Property Details for 80-82 Young St, Frankston

Building Type
Commercial
Floor Size
346m2
Land Size
363m2
Local Government
Frankston
Lot/Plan
1/LP47929

Last Listing description (September 2023)

Teska Carson is pleased to offer 80-82 Young Street, Frankston for sale by Public Auction on Thursday 21st September 2023 at 12pm on-site.

Exceptional commercial investment opportunity with the following attributes:

- Land Tax exemption pursuant to Section 74 of the Land Tax Act 2005

- Five (5) year lease to 2027 plus two (2) further five (5) year options to 2037

-Leased to Vinnies with over 650 stores across Australia

- Income of $76,011 per annum + GST + Outgoings

- 9.7* metre double width frontage to Main Street and rear access via Gallery Lane

- Directly opposite the $87m upgraded Frankston Train Station car park with over 500 new parking spaces

Please call for further information or to arrange an inspection.

*Approx.

Property History for 80-82 Young St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,501,000
21 Sep 2023
Listed for Rent
$1.27k/w
24 Apr 2017
  • 21 Sep 2023
    Sold for $1,501,000
  • 18 Aug 2023
    Listed for Sale Contact Agent
  • 19 May 2016
    Listed for Rent - Price not available
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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 21,628 properties.

    There are currently 128 properties listed for sale, and 63 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 911 properties were sold in the past 12 months in Frankston.

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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.