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

Nepean Highway
Frankston VIC 3199

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

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:
See MoreView Statement of Information

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

Commute Calculator

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 21,714 properties. Over the last 5 years, Houses in Frankston have seen a 25.85% increase in median value, while Units have seen a 22.93% increase. As at 30 November 2024:

  • The median value for Houses in Frankston is $730,330 while the median value for Units is $515,139.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 104 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 926 properties were sold in the past 12 months in Frankston.

Frankston Profile Page

Suburb Insights for Frankston 3199

Visit Frankston profile page
Market Insights
Frankston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Frankston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Frankston profile page
Contact agent
Sam Khurana
Show contact details
Call agent
Dimitris Koptis
Show contact details
Call agent
OBrien Real Estate (Chelsea)
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED