39A Culcairn Drive, Frankston South VIC 3199

Introducing an innovative investment opportunity for seasoned investors or self-managed super funds, this tailored rooming house, configured into five micro-apartments, promises unparalleled flexibility with individual tenancy agreements. Each currently occupied, an impressive annual income proposes a unique investment avenue for those seeking to add to their growing investment portfolio.

Capitalising on its proximity to Monash University and Frankston Hospital to afford students and others the luxury of communal living, a shared kitchen with laundry facilities brings people together across an otherwise private allotment of 604sqm, with ample off-street parking.

Set-back from the street, each micro-apartment offers a studio layout complete with ample light and modern amenities including kitchenette, complete bathroom, individual split-system air conditioning and bedroom/lounge area. Playing into its position with a true lifestyle offering, find Bayside Shopping Centre, Frankston High School and Frankston Train Station all only moments from home.

Currently providing an annual rental yield of $65,300.000p.a with an additional $2,000.00(p.a) from coin washing machines.