SOLD
Sold on 19 Apr 2024 for $2,365,000

82 Beach Street
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: 12
Land area: 851m2
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Property Details for 82 Beach St, Frankston

Building Type
Commercial
Land Size
851m2
Local Government
Frankston
Lot/Plan
21/LP5945

Last Listing description (February 2020)

Perfectly positioned in Frankstons popular medical precinct and only minutes from the city centre and local hospital sits this immaculate 233sqm medical practice set on 848sqm of freehold land.
Currently occupied by Beach Street Family Medicine on a 5-year lease ending 15th March 2020, this property includes 7 consulting rooms, 2 treatment rooms, large reception/waiting room area, kitchen and bathroom amenities plus 12 on-site car parks.

Key Features:

- 233sqm Building
- 5 Year lease in place ending 15th March 2020
- Potential vacant possession
- 7 Consulting rooms, 2 Treatment rooms
- Reception and waiting room area
- Full amenities including kitchen, toilets and cleaners room
- Total land area of 848sqm
- Returning $83,214pa + GST + outgoings
- 12 Onsite car parks
- Ducted heating and split system air conditioning in all consulting rooms, theatre and reception area
- Security system
- Popular medical precinct
- Short drive from Frankston Hospital
- 600m from City Centre and Frankston Station
- Serviced by major arterials including Nepean Hwy (900m) and Frankston Freeway (900m)
- General residential zone

ENQUIRE NOW This rare opportunity wont last long.

Property History for 82 Beach St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$2,365,000
19 Apr 2024
  • 19 Apr 2024
    Sold for $2,365,000
  • 26 Aug 2019
    Listed for Sale $1,250,000
  • 17 Dec 2018
    Listed for Sale $1,425,000

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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 21,643 properties. Over the last 5 years, Houses in Frankston have seen a 29.61% increase in median value, while Units have seen a 29.26% increase. As at 31 August 2024:

  • The median value for Houses in Frankston is $723,953 while the median value for Units is $518,419.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 141 properties listed for sale, and 78 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 917 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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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.