$1,170,000 - $1,250,000
39A Culcairn Drive, Frankston South VIC 3199
House
553
Block size: 605 m² approx.
Invest with Security, Moments to Monash
Introducing an innovative investment opportunity for seasoned investors or self-managed super funds, this tailored rooming house, configured into five micro-apartments, promises unparalleled flexibility with individual tenancy agreements. Each currently occupied, an impressive annual income proposes a unique investment avenue for those seeking to add to their growing investment portfolio.
Capitalising on its proximity to Monash University and Frankston Hospital to afford students and others the luxury of communal living, a shared kitchen with laundry facilities brings people together across an otherwise private allotment of 604sqm, with ample off-street parking.
Set-back from the street, each micro-apartment offers a studio layout complete with ample light and modern amenities including kitchenette, complete bathroom, individual split-system air conditioning and bedroom/lounge area. Playing into its position with a true lifestyle offering, find Bayside Shopping Centre, Frankston High School and Frankston Train Station all only moments from home.
Currently providing an annual rental yield of $65,300.000p.a with an additional $2,000.00(p.a) from coin washing machines.
Capitalising on its proximity to Monash University and Frankston Hospital to afford students and others the luxury of communal living, a shared kitchen with laundry facilities brings people together across an otherwise private allotment of 604sqm, with ample off-street parking.
Set-back from the street, each micro-apartment offers a studio layout complete with ample light and modern amenities including kitchenette, complete bathroom, individual split-system air conditioning and bedroom/lounge area. Playing into its position with a true lifestyle offering, find Bayside Shopping Centre, Frankston High School and Frankston Train Station all only moments from home.
Currently providing an annual rental yield of $65,300.000p.a with an additional $2,000.00(p.a) from coin washing machines.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Derek Lea to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
5
Bathrooms:
5
Garage Spaces:
3
Property type:
House
Block Size:
605 m²*
Other Details
Lot:
1
Plan:
PS737945
Legal description:
1\PS737945
Maps and area information
Block information
Block size: 605m² (approx)
Legal description: 1\PS737945
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Nearby sales
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We found 7 houses with 5 bedrooms that just sold near 39A Culcairn Drive Frankston South
Property history
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Statement of information
Section 47AF of the Estate Agents Act 1980
Download Statement of Information
Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Frankston South suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
46 years
Population
18,801
Listing ID: 182348161. This listing has been viewed 7 times. It was first displayed on 05/03/2024 and last updated on 05/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.