313/377 Nepean Highway, Frankston VIC 3199

Investment only opportunity

Benefit from
A long term lease
High returns
Reduced outgoings
Set and forget investment
Perfect for the SMSF

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 April 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.