Positioned in one of Melbourne's fastest-growing coastal suburbs, 1/9 Reid Street, Frankston VIC 3199 presents a rare chance to secure a tenanted property in a high-demand location. This two-bedroom, two-bathroom unit with a dedicated parking space is currently under a fixed lease, offering immediate rental returns and long-term growth potential.
Why Invest in Frankston?
- Prime Location: Situated within walking distance to Frankston Hospital, Monash University Peninsula Campus, and the George Pentland Botanic Gardens, this property offers unparalleled convenience for tenants and strong appeal for investors.
- Strong Rental Market: Frankston's rental market remains robust, with median rents for two-bedroom units at $450 per week, reflecting a 5% annual increase.
- Capital Growth Potential: The suburb has seen consistent property value growth, with median unit prices reaching $527,500, indicating a healthy return on investment.
- Lifestyle and Amenities: Frankston offers a vibrant lifestyle with its beautiful beaches, shopping precincts, and excellent public transport links, making it a desirable location for tenants and homeowners alike.
Property Highlights
- Spacious 2-bedroom, 2-bathroom unit
- Secure parking space
- Currently tenanted with a fixed lease in place
Don't miss this opportunity to add a high-performing asset to your portfolio in a suburb poised for continued growth. For more information or to arrange a viewing, contact Marsh Schwallie today.
