26a Queen Street, Frankston VIC 3199

*If you would like to know more about this property, please email agent through this web site and you will immediately get back a link to all the information*

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 $50,000 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.

After 30 years of reaping the benefits of this 'cash cow' now is the time to sell!

Situated on a massive 870m2 (approx.) with a functional floor plan and ability to adapt!

Features include:
• Large Front Home
• 5 x bed sitters behind the original home (see floorplan for set out)
• Off road parking at rear
• Only 45min to Melbourne CBD
• Ideal for the savvy investor, land bank, renovate (STCA)
*Please do own due diligence via your legal representative and financial planner prior to considering this property and future potential*

Buy It Now at $665K no lower offers will be accepted and preferred finance borrowing of up to 60% max.