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Sold - Lot 107, Frankston, VIC

Sold – Lot 107, Frankston, VIC

2 Bedrooms 1 Bathrooms

Quest Frankston is located only a short walk to the Bayside Shopping Centre and the award winning Frankston Beach, known for its picturesque foreshore, pier and boardwalks along the beach.  Approximately 2.5km away is the Frankston Arts Centre, Peninsula Health and Monash University’s Peninsula Campus.
Busy commercial hubs like Carrum Downs, Dandenong South and Braeside Business Parks are an easy 15-20 min drive away. The city of Melbourne is easily accessible via Eastlink.
Quest Frankston is a great base for those visiting Mornington Peninsula and Phillip Island.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
107 $262,600 Sold 7.40% 6.49% $374.00 ($19,448 p/a  CLICK HERE

Current Rent: $374 per week ($19,448 per annum)
Next Rent Increase: 11th April 2019
Current Return: 6.80% Gross / Net 5.96%
Return as of 11th April 2019:  7.07% Gross / 6.2% Net
Lease Terms: Lease to 10/04/2020 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

Spacious 1 Bedroom, 1 Bathroom apartment with sunny and bright spacious living area overlooking outdoor courtyard entertaining.
Large master bedroom with semi ensuite bathroom, fully equipped kitchen (oven, cook top and dishwasher), built in robes, internal laundry facilities,

split system heating and cooling, & car park on title.

 

 

 

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