INVESTORS BE QUICK! 1 BED $23,547 PA $453 PW RENT
Front-Facing One-Bedroom Investment $23,547 per annum rental return.
Presenting an excellent opportunity to secure a front-facing, one-bedroom apartment with a private balcony 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, a fixed 4% rental increase in April 2027, and a market review scheduled for April 2028, the property provides an exceptionally strong net yield.
Price: $289,950
Current Rent: $23,547 p.a. Approx. $453 pw
Gross Return: 8.12%
Net Return: 7.08%
Rental increases as follows:
April 2027 + 4% = $24,488.88 p.a. Approx. 8.45% gross
April 2028 Market Review
17 years of lease options remaining.
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
Owners Outgoings:
Council Rates: Approx. $1,100
Water Rates: Approx. $850
OC Sinking Fund: Approx. $1,050
Total Approximate Outgoings: $3,000 per annum
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 offers the security of a quality long-term tenant, strong rental returns and the benefit of 17 years of lease options remaining.
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Annie Strafford
Sales Agent
Ph: 0406 322 888
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.
