This has to be one in a million .. With the current home split in two, to enjoy a lucrative return as a holiday let and a fixed term leasing (8% gross rental return in financial year 2013-14) or they could both be rented as holiday lets giving you a potential yield of 11% gross p/a rental return. Own your own Long Island property that pays for itself and earn yourself an income, or you could live in one part and rent out the other, or reinstate the buried stairwell and enjoy this large home as one split-level dwelling to house the entire family !!!!
amp;#8226; Entire property has been recently renovated and beautifully decorated by a local Interior Designer
amp;#8226; Remote double car port provides access to the main house which comprises a large open plan living, dining and family room serviced by the updated kitchen. There are three good-sized bedrooms, recently renovated, and a loft ladder leads to ceiling storage. Plus the central main bathroom also has a large storage room.
amp;#8226; Rear cottage is beautifully decorated in a fresh and beachy style, with huge living / dining / kitchenette area. It has a large master bedroom plus a smaller bedroom with ensuite bathroom, and storage under the house.
amp;#8226; Manicured and established rear garden with large boat/storage shed and great sized jetty to enjoy the opportunities of Kananook Creek.
amp;#8226; Centrally located, directly across the road from beautiful Frankston beach (with Life Saving Centre amp; kiosk); backs onto Kananook Creek; is around the corner from McDonalds and Waves Restaurant; and 2 minutes walk to all the shops, cafes, cinema and night life .. plus only 5 minutes walk to Frankston train station, linking the city in under 1 hour.
With its endless options this property appeals on so many levels, whether you're an astute investor, someone interested in a holiday home with the bonus of a rental income, or you're looking to house the entire family. In such an exclusive and sort-after location, either way you really can experience the beach life in the heart of Frankston.
R E L A X ... U N W I N D ... E N J O Y !!!
