$525,000
313/377 Nepean Highway, Frankston VIC 3199
Apartment
221
Block size: 3870 m² approx.
INVESTORS WANTED! *7.2% RETURN *$724 PER WEEK RENT * SECURITY OF LONG TERM LEASE
Investors!
Benefit from a long term lease , high returns and reduced outgoings.
This extra-large two bedroom apartment is located the top floor providing picturesque views overlooking the Ebdale Street Reserve and is positioned at the start of Frankston's Activity Centre.
PLEASE NOTE THIS PROPERTY IS SUBJECT TO A LONG TERM LEASE AND IS FOR INVESTORS ONLY
The apartment boasts high ceilings, excellent natural light, a versatile floor plan that features a well appointed central living area, fully equipped kitchen complete with quality appliances. Additionally, the apartment includes two spacious bathrooms and is equipped with reverse cycle air-conditioning.
The building is meticulously maintained and offers modern amenities, including an intercom system, a heated pool, a BBQ area, and dedicated parking.
Rental Income: $37,636.64 pa
$723.78 pw
Rent Increases: Annual 4% increase thereafter each Aprril 11th
Annual Return: 7.2% Gross
Lease Expiry Date: April 10, 2030
Lease Extension Option: One additional five-year term
Owners outgoings:
Owners corporation maintenance fund
Council rates
Water rates (excluding usage)
Tenant (Quest) outgoings:
Owners corporation administration fund
Insurance
General maintenance
While great care has been taken in assembling the information presented above, it is important to emphasise that these details are provided for informational purposes only and should not be considered as representations by the Owner or the Agent.
Features include: Air Conditioning,Area Views,Built-In Wardrobes,Intercom,Openable Windows
Benefit from a long term lease , high returns and reduced outgoings.
This extra-large two bedroom apartment is located the top floor providing picturesque views overlooking the Ebdale Street Reserve and is positioned at the start of Frankston's Activity Centre.
PLEASE NOTE THIS PROPERTY IS SUBJECT TO A LONG TERM LEASE AND IS FOR INVESTORS ONLY
The apartment boasts high ceilings, excellent natural light, a versatile floor plan that features a well appointed central living area, fully equipped kitchen complete with quality appliances. Additionally, the apartment includes two spacious bathrooms and is equipped with reverse cycle air-conditioning.
The building is meticulously maintained and offers modern amenities, including an intercom system, a heated pool, a BBQ area, and dedicated parking.
Rental Income: $37,636.64 pa
$723.78 pw
Rent Increases: Annual 4% increase thereafter each Aprril 11th
Annual Return: 7.2% Gross
Lease Expiry Date: April 10, 2030
Lease Extension Option: One additional five-year term
Owners outgoings:
Owners corporation maintenance fund
Council rates
Water rates (excluding usage)
Tenant (Quest) outgoings:
Owners corporation administration fund
Insurance
General maintenance
While great care has been taken in assembling the information presented above, it is important to emphasise that these details are provided for informational purposes only and should not be considered as representations by the Owner or the Agent.
Features include: Air Conditioning,Area Views,Built-In Wardrobes,Intercom,Openable Windows
Inspections
No open inspections scheduled.
Send an enquiry
Contact Martin Russell to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
2
Bathrooms:
2
Garage Spaces:
1
Property type:
Apartment
Block Size:
3870 m²*
Other Details
Lot:
313
Plan:
PS519929
Legal description:
313\PS519929
Maps and area information
Block information
Block size: 3870m² (approx)
Legal description: 313\PS519929
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Nearby sales
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We found 20 apartments with 2 bedrooms that just sold near 313/377 Nepean Highway Frankston
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 suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
37,331
Listing ID: 182035689. This listing has been viewed 11 times. It was first displayed on 26/10/2023 and last updated on 15/03/2024.
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.