98 Beach Street, Frankston VIC 3199

This completely refurbished house and separate bungalow on a corner allotment (619m2) is perfect for owner occupier, investor or developer! In the Frankston High School zone and a walk to Station, Shops, TAFE and University means this high demand location is perfect! The completely renovated house has a new kitchen and bathroom and the large family room would make an excellent third bedroom. The Bungalow has also, recently, been completely refurbished, and is currently leased for $270 per week. The main residence would rent for approximately $420 per week, if not required for an owner occupier.
With a total potential, annual return of approx. $36,000 per annum this opportunity could make a very sensible investment. The added benefit, of course, are the development permits, which allow for the construction of eight stunning, boutique apartments, with lift access and off street parking.
For enquiries please contact Michael Hall 0434 862 640 Hodges Mentone/Chelsea