Originally constructed as a 44-bed nursing home, this distinctive complex has since been converted into individually Strata Titled apartments, offering an affordable entry point into the Frankston property market.
Apartment 35 is a well-presented, low-maintenance studio featuring an open-plan living and sleeping area, built-in storage, a practical kitchenette and a private bathroom complete with shower, vanity and toilet. A split-system provides year-round heating and cooling, while the apartment’s neutral presentation makes it ready to occupy or lease without major work.
The complex features coded entry and CCTV surveillance, together with a range of shared facilities. Residents have access to spacious lounge and dining areas, several smaller sitting and conversation spaces, a communal kitchen, card-operated laundry facilities, established gardens and convenient off-street parking.
With gas and electricity currently included within the Owners Corporation fees, ongoing living expenses are kept straightforward. Expected rental income of approximately $300–$330 per week makes this an appealing option for investors seeking an affordable property with solid rental potential.
Conveniently positioned close to Frankston’s shopping precinct, public transport, medical facilities, freeway access and the waterfront, this is a practical investment or compact home in a well-connected location.
Property figures:
Expected rent: approximately $300–$330 per week
Potential gross annual rent: approximately $15,600–$17,160
Owners Corporation fees: approximately $4,050 per year
Council rates: approximately $512 per year
Affordable properties with this level of rental potential are increasingly difficult to find. Call now to arrange your inspection.
