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304/435 Nepean Highway

Frankston VIC 3199

1
1
49.5 m²
Apartment
Currently for sale - view listing

Overview

FRONT FACING WATER VIEWS INVESTMENT 8.41% GROSS / 7.34% NET / NO STAMP DUTY

INVESTORS BE QUICK! $23,547 PA $453 PW RENT INCREASING TO $24,488 IN APRIL FRONT-FACING BALCONY WITH WATER VIEWS Presenting an excellent opportunity to secure a front-facing, one-bedroom apartment with a private balcony and water views in the thriving Frankston investment market. Filled with natural sunlight, this investment apartment offers a fixed rental return, with rents paid regardless of occupancy, no management fees, no letting fees, and the hotel tenant paying Owners Corporation administration levies and building insurance, saving owners thousands per year. With a long-term lease in place and a fixed 4% rental increase in April 2027, the property provides a strong rental return. INVESTMENT DETAILS Price: $279,950 Current Rent: $23,547 p.a. Approx. $453 p.w. Gross Return: 8.41% Net Return: 7.34% RENTAL INCREASE April 2027: + 4% = $24,488.88 p.a. Approx. 8.75% Gross NO STAMP DUTY PAYABLE ON SALE Recently refurbished with new carpet, fresh painting throughout and electrical upgrades, this neat-as-a-pin investment is ready to go with the major works already completed. PROPERTY SIZE Internal Area: 44m² Balcony: 5.5m² Total Area: 49.5m² No management fees No letting fees No Owners Corporation administration levies Building insurance paid by hotel tenant Secure fixed rental income Recently refurbished Private balcony with water views OWNER OUTGOINGS Council Rates: Approx. $1,100 p.a. Water Rates: Approx. $850 p.a. OC Sinking Fund: Approx. $1,050 p.a. Total Approximate Outgoings: $3,000 p.a. Located in the heart of Frankston's vibrant entertainment and dining precinct, this investment provides convenient access to Bayside Shopping Centre, Frankston Foreshore, Frankston Arts Centre, local cafés and restaurants, together with everything the Mornington Peninsula has to offer, including renowned wineries, beautiful beaches, Peninsula Hot Springs and an array of family attractions. This modern, low-maintenance investment combines a quality long-term hotel tenant, fixed rental income, water views and a scheduled 4% rental increase in April 2027. PRICED FOR IMMEDIATE SALE $279,950 Please note some iamges may be generic and not of exact lot For more information, please contact: Mandy Fountain Director & Licensed Real Estate Agent Ph: 0408 103 010 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 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

1 bedroom
1 bathroom
49.5 m² floor area
Apartment

Happy sellers in Frankston

85%
85% 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 160 reviews in Frankston over the last 12 months.

Local market activity for 1 bedroom apartments in Frankston

In the last 12 months, 24 one-bedroom apartments similar to 304/435 Nepean Highway, have been sold.

This represents a 16% increase in one-bedroom apartments sales when compared to the previous 12 months.

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