FOR SALE
$250,000 (8% Rental return)

Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Investment Opportunity with almost 8% return: Serviced and Furnished Apartment in Quest Frankston

Attention Investors: Don't Miss This Unique Investment Opportunity!
Presenting a sensational serviced and furnished apartment within the prestigious Quest building, nestled in the heart of a coastal tourist haven. Just a five-minute walk to the stunning Frankston Beach and idyllic coastline, this property is surrounded by a plethora of dining options, retail outlets, and cafes, offering an unparalleled lifestyle in a renowned tourist destination.
Exterior and Location:
The exterior of this remarkable property exudes sophistication, seamlessly blending with the sparkling seaside charm. Located in a thriving beachside hub, the apartment promises consistent rental demand from tourists seeking the perfect getaway.
Lease Agreement:
This serviced apartment comes with a secure lease agreement with the landlords, renewed earlier in 2023 for a term of five years. The successful purchaser will benefit from an annual income of $20,289 with further 4% increase annually through to the new lease renewal on April 14, 2028, with an additional 5+5 year option.
Interior Features:
Step inside to experience a living space designed for comfort and style. The open-plan layout, featuring air conditioning, tall glass sliding doors, and high square set ceilings, creates an inviting ambiance. Guests will enjoy access to the gym and an outdoor area facing the beach. They can bask in the sunlight on the unit's private terrace, finished with modern tiles and opaque glass privacy fencing. Hotel connectivity, a wall-mounted HD television, premium carpet, modern LED lighting, and quality wall art throughout add to the appeal.
Opulent Kitchenette:
The kitchenette is equipped with:
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Property Details for 214/435 Nepean Hwy, Frankston

214/435 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with OBrien Real Estate (Chelsea).

Building Type
Apartment

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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.

Frankston has 21,618 properties. Over the last 5 years, Houses in Frankston have seen a 25.61% increase in median value, while Units have seen a 22.65% increase. As at 31 October 2024:

  • The median value for Houses in Frankston is $722,720 while the median value for Units is $505,673.
  • Houses have a median rent of $550 while Units have a median rent of $453.
There are currently 135 properties listed for sale, and 66 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 914 properties were sold in the past 12 months in Frankston.

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Sam Khurana
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Dimitris Koptis
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OBrien Real Estate (Chelsea)
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