512/435 Nepean Highway, Frankston VIC 3199

A golden opportunity awaits the astute investor to secure this luxury bayside apartment. Apartment 512 combines elegant contemporary design, convenience and a relaxed costal vibe.

Sale Terms:
Settlement: 30,45 or 60 days
- Apartment is privately managed meaning the purchaser will be able to keep it rented or owner occupy the property if they so choose.
- The apartment is currently leased out for $21,320 p.a ($410 p/w) - 10% Yield

Outgoings:
- Frankston City Council $1200 p.a
- Southeast Water: $800 p.a
- Owners Corp: $4388 p.a

Gross Rental Yield: 10.69%
Net Rental Yield: 7.5%

In addition to the beach front location, this fully furnished one bedroom apartment comes with a built in wardrobe, Danish inspired furniture package, fully equipped kitchenette, Wi-Fi access already installed, wall mounted plasma screen TV, split cycle heating and cooling and much more!

Peninsula on the Bay also provides tenants access to an array of on-site services and facilities including a café and restaurant, professional business centre with boardrooms and meeting rooms for hire, gymnasium, beauty salon, launderette and secure car parks.

Located right in the heart of the rapidly growing and popular suburb of Frankston and just a short stroll from a variety of cafes and restaurants, galleries, entertainment and shopping precincts; Peninsula on the Bay is the ideal addition to your investment portfolio.