“Income producing potential”
*Due to the recent restrictions, if you wish to view this property, please contact Paul Gilderdale via email or phone to organise a suitable time*
When everyone is looking for other income generating investment options to substitute their retirement or salaries, this fully council approved rooming house has the potential to earn up to $45,000 gross pa. (Potential 6% gross pa* with long term growth potential too).
Positioned in central Frankston, within walking distance to beach, train station, Monash University and Chisholm Tafe.
This is an amazing time to buy and “Vendor says sell”
Situated on a massive 870m2 (approx.) with a functional floor plan and ability to adapt!
• Off road parking at rear
• Only 45min to Melbourne CBD
• Ideal for the savvy investor, land bank, renovate (STCA)
Please do not enquire unless you have checked you have pre-approval to borrow for an existing rooming house.
Section 32 is available on request.
*Please do own due diligence via your legal representative and financial planner prior to considering this property and future potential*
Buy It Now $665K no lower offers will be accepted and preferred finance borrowing of up to 60% max).