63 Dandenong Rd E

Frankston VIC 3199

299 m²

702 m²

House

Currently for sale - view listing

Overview

High-Yielding Investment in a Prime Location

Are you looking for a secure and lucrative investment opportunity? Look no further than 63 Dandenong Rd East, Frankston, a newly built, double-storey property featuring 9 individually tenanted rooms. This exceptional investment offers a gross income of $161,600, yielding at least 8.5% annually, with an impressive 98.9% occupancy rate since its inception. -Managed by Aquire Real Estate, ensuring a hassle-free experience for investors. -Fully compliant with Class 1 B permits and registered with the Council, providing peace of mind. -Land tax exemption and Division 43 depreciation benefits enhance your financial returns. -Situated in the sought-after bayside area, close to beaches, shopping, cafes, parklands, and public transport links. Purpose-Built Design: Crafted by industry leader construction, featuring high ceilings, balconies or terraces, and ensuites for each room. -Reverse cycle air conditioning and heating in every room, with access to a central kitchen.