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Back 301/435 Nepean Highway
Off Market

301/435 Nepean Highway

Frankston VIC 3199

2
1
6.78 m²
Apartment
Mandy FountainMandy Fountain, last sold this property on 24 July 2026 after 14 days on market.

Overview

INVESTORS BE QUICK! 2 bed $33,447 pa- $643 pw rent

Front-Facing Two-Bedroom Investment- $33,447 per annum rent return. Presenting an exceptional opportunity to secure a front-facing, two-bedroom apartment with a private balcony in the thriving Frankston investment market. Ideally positioned this investment apartment offers a fixed rental return, rents paid regardless of occupancy, with no management fees, no letting fees, and hotel tenant paying owners corporation Admin levies and building insurance saving owners thousands per year! With a long-term lease in place and fixed rental increases until 2028, the property provides exceptionally high NET yields. Price $399,900 Current Rent $33,447 Gross Return: 8.33% Net Return: 7.50% Increases as follows: April 2027 + 4% = $ 34,784 = 8.66% gross Leased to April 2028 with 17 years options remaining. Just undergone refurbishments, with new carpet, fresh painting throughout and electrical upgrades. * No management fees * No letting fees * Furniture paid by hotel operator Landlord Annual Outgoings: Council Rates: $1,276.35 Water Rates: $704.20 OC Maintenance Levy: $1,353.04 Located in the heart of Frankston's vibrant entertainment and dining precinct, Quest Frankston on the Bay within the Mornington Peninsula's provides guests with convenient access to Bayside Shopping Centre, Frankston Foreshore, Frankston Arts Centre, local cafés and restaurants, as well as the Peninsula Hot Springs, renowned wineries, beautiful beaches and a host of family attractions. Developed in 2005 this modern, low-maintenance investment offers the security of a quality tenant, fixed rental increases through to 2028, and the benefit of a long-term lease with 17 years of options remaining. Offering strong returns, and an outstanding location. An excellent addition to any investment portfolio. **Disclaimer** The information contained herein has been provided by the owner and verified against the Contract of Sale. It is believed to be accurate at the time of publication; however, the information is subject to change without notice and may be amended without our knowledge. Prospective purchasers should conduct their own due diligence and obtain independent legal, financial and taxation advice before making any investment decision. While every care has been taken in the preparation of this information, no representation or warranty is made as to its accuracy or completeness, and all interested parties should rely on their own enquiries and assessment.

Features

2 bedrooms
1 bathroom
6.78 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Frankston over the last 12 months, the estimated median property value of 301/435 Nepean Highway is $495k.

Median value
$495k
Estimated value range
$238k - $990k
Median days on market
24
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Frankston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 301/435 Nepean Highway

2026
Sold
Undisclosed
Private Sale/Treaty on 24 Jul 2026 by Mandy Fountain, of Serviced Apartment Sales

Happy sellers in Frankston

88%
88% of sellers in Frankston reported that their sale price either exceeded or met their price expectations.

Frankston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 171 reviews in Frankston over the last 12 months.

Local market activity for 2 bedroom apartments in Frankston

In the last 12 months, 69 two-bedroom apartments similar to 301/435 Nepean Highway, have been sold.

This represents a 4% decrease in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Michael McClure

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Luke Magree

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Adam Price

Adam Price is a recommended agent for Frankston.  They have 19 local sales and collected 12 local reviews across the last 12 months.

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  •  12 Reviews in Frankston
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Juan Merchan

Sellers who recommend Juan Merchan have praised them for being local expert, clear communication, supportive, reliable, honest, great negotiation and friendly

  •   4.9   (269 reviews)
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