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About this property
An opportunity not to be missed for an astute investor to acquire a sought-after set and forget investment portfolio comprising of 5 apartments with a high return. Highlights include: Combined annual rental of $103,031 Annual fixed increases of 4% Lease term of 5 years expiring on 14/04/2023 3 x 5 year options Tenanted by the renowned Quest Peninsula Conveniently located on-site is a launderette, beauty spa, fully equipped gym, entertainment terrace, restaurants, cafes and a professional business centre. Ideally positioned amongst Frankstons best gourmet restaurants, cafes, boutique shops and entertainment, The Peninsula on the Bay sits at the gateway to everything the Morning Peninsula has to offer and is only a 40-minute drive from Melbourne CBD. Call now to inspect - 1300 652 532
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 5
- Bathrooms
- 5
- Listed
- 3 months ago
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Neighbourhood
Living in Frankston
This 5-bedroom apartment in Frankston, VIC 3199 sits within reach of public transport, local shops and nearby schools.
Schools near Frankston
- Frankston Special Developmental Schoolcombined · U · CoEd
- Ballam Park Primary Schoolprimary · Prep-6 · CoEd
- Frankston East Primary Schoolprimary · Prep-6 · CoEd
- Frankston Heights Primary Schoolprimary · Prep-6 · CoEd
- Frankston Primary Schoolprimary · Prep-6 · CoEd
- Karingal Heights Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Frankston Station/Young Street (Bay G) (bus) — 327 m away
- General Games Frankston — 123 m away
- Unnamed — 97 m away
- Evelyn Park — 465 m away
- Unnamed — 497 m away
Frankston at a glance
Full suburb profile- Population
- 37,331
- Median age
- 39
- Household income
- $1,387/wk
- Median rent
- $342/wk
- Median mortgage
- $1,733/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Frankston price trend
Median sold · Unit 2 bed
Compound growth +3.9% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Frankston marketSide-by-side analysis
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