15-17 Shaftesbury Street, Frankston VIC 3199

This property is truly unique and extremely versatile!

This is a great opportunity to buy the whole block of 5 residences standing on 1715 sqm of land (approx.) and pocket a great annual return of $79,560. The current owner has a fabulous relationship with all of these house proud tenants, 2 of which have been there for 10 years.

Its position is ideal - a walk to the Heatherhill Road shops, Leawarra train station, Monash University, Frankston Hospital, Frankston Heights Primary School and is zoned for Frankston High School.

There are many options for this property that will undoubtedly appeal to a broad range of different buyer types. All investors will love the set & forget aspects whilst you watch the capital growth over time, perfect for the super fund, subdivide the existing residences and add 4 more residences (S.T.C.A) or wipe the slate clean & create a brand new development on the perfect site! The astute homeowner can take up residence in the ample sized 3 bedroom home and collect rent on the remaining 4 units.

Unit one is a great sized home and is magnificently kept by a very houseproud tenant. It comprises of three bedrooms (or two and a study) with a walk-in robe and ensuite to the king sized master bedroom. Large family bathroom with shower over bath and separate toilet. Main living rooms have polished boards and huge north facing windows so the whole home is light and bright. The kitchen is spacious with stainless steel Westinghouse appliances including dishwasher and walk in pantry. It also boasts a big back yard, double garage & additional parking in the drive way.

Unit 1a is the smallest of the lot consisting of kitchen/dining, bathroom/laundry and bedroom that opens out to the back yard.

Units 2, 3 & 4 are all one bedroom units that have been tastefully updated.

One undercover car space is provided for units 1a, 2, 3 & 4.

By sending an enquiry through this website, you will receive an automated email response with additional information and links to virtual inspections of all five residences as only one could be uploaded to this website.

This is a rare opportunity to seize a property that ticks all the boxes.