Secure this wonderful investment apartment at Quest Frankston on the Bay, ideally located in the heart of Frankston, just steps from the Frankston Foreshore and close to cafés, restaurants, shopping and public transport.
This light-filled studio offers a low-maintenance investment with an open-plan layout, sleek kitchen with cooktop, oven and storage, generous bathroom and private balcony.
JUST COMPLETED CARPET, PAINT AND ELECTRICAL UPGRADES.
Quest Frankston on the Bay offers guests a comfortable serviced apartment experience with access to a gym, business lounge, terrace and onsite launderette.
The property is under a long-term lease, providing investors with a secure rental income stream, a scheduled 4% rental increase and a market review.
INVESTMENT DETAILS
Property: Lot 215, 435 Nepean Highway, Frankston VIC
Balcony: 1
Bathroom: Large Bathroom
LEASE DETAILS
Price: $235,000
Current Rent: $375 per week | $19,556 per annum
Current Gross Return: 8.32%
Current Net Return: 7.06%
Rent Increases as follows:
April 2027: +4% increase = $20,338.24 p.a. 8.65% Gross Return
April 2028: Market Review
Lease: April 2028 with 17 years of options remaining
OUTGOINGS
Council Rates: $1,100 p.a.
Water Rates: $800 p.a.
OC Sinking Fund: $1,050 p.a.
OC Admin levies paid by hotel
Total Annual Outgoings: $2,950 p.a.
A strong opportunity for investors seeking a high-yield, low-maintenance serviced apartment with a long-term lease, scheduled rental growth and a prime Frankston location close to the beach, shops, dining and transport.
For more information, please contact Mandy Fountain 0408 10 30 10.
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
DISCLAIMER
The information contained in this brochure has been provided by the vendor and other sources and is believed to be reliable; however, it has not been independently verified. It is provided for general information purposes only and does not constitute financial, investment, legal or taxation advice.
Prospective purchasers should conduct their own independent enquiries and due diligence and obtain appropriate professional advice before making any investment decision. No warranty or representation is made as to the accuracy or completeness of the information, and no liability is accepted for any errors, omissions or reliance placed upon it.
