SOLD
Sold on 28 Jun 2024 for $300,000

296-298 Frankston-Dandenong Road
Seaford VIC 3198

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 240m2
Land area: 3273m2
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Property Details for 296-298 Frankston-Dandenong Rd, Seaford

Building Type
Commercial
Floor Size
240m2
Land Size
3273m2
Local Government
Frankston
Lot/Plan
6/PS313348

Last Listing description (November 2017)

Brand new 12 year lease to 2029 plus options to 2041
Guaranteed growth - fixed annual 3% rental increases
Jasbe Petroleum Group: One of Australia's leading independent BP operators with 45+ sites across Australia

Lessee pays usual outgoings excluding land tax
Improvements comprise 240 sqm convenience store, separate 4 island canopy and two bay car wash - scheduled for significant tenant upgrade (see photos - $500,000+ to be spent)
Significant 3,241 sqm corner site with massive 133m frontage & exposure to major metropolitan arterial, close to Frankston Fwy & Eastlink interchanges
Frankston City: located 40km south of Melbourne's CBD and gateway to the Mornington Peninsula
Rent: $365,000 pa

Property History for 296-298 Frankston-Dandenong Rd, Seaford, VIC 3198

A timeline of how this property has performed in the market
Last Sold
$300,000
28 Jun 2024
  • 28 Jun 2024
    Sold for $300,000
  • 23 Jun 2021
    Sold for $6,100,000
  • 12 Jul 2017
    Listed for Sale Not Disclosed
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About Seaford 3198

The size of Seaford is approximately 12.5 square kilometres. It has 35 parks covering nearly 24.3% of total area. The population of Seaford in 2011 was 16,032 people. By 2016 the population was 16,455 showing a population growth of 2.6% in the area during that time. The predominant age group in Seaford is 30-39 years. Households in Seaford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seaford work in a professional occupation. In 2011, 63.4% of the homes in Seaford were owner-occupied compared with 62.6% in 2016.

Seaford has 10,641 properties. Over the last 5 years, Houses in Seaford have seen a 23.69% increase in median value, while Units have seen a 26.76% increase. As at 30 November 2024:

  • The median value for Houses in Seaford is $820,511 while the median value for Units is $634,469.
  • Houses have a median rent of $570 while Units have a median rent of $490.
There are currently 40 properties listed for sale, and 20 properties listed for rent in Seaford on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Seaford.

Suburb Insights for Seaford 3198

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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.