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.
