Mahere Papa
We are offering a unique opportunity to purchase an amazing residential property that currently generating cash flow of $134,000 p.a. in gross income ? a yield of at least 7.6%.
This property is a newly built in December 2023 Class1B Rooming House comprising 8 room with 8 ensuites.
All rooms have access to the central kitchen as well as a coin operated laundry facility in the building.
It has all the necessary council approvals and is registered for use.
This investment offers certainty of income, land tax exemption, and division 43 depreciation benefits.
This property features 613sqm (approx.) of land in a quiet street conveniently located just a few steps from bus stops, local milk-bar, shopping centres, primary and secondary schools, sporting clubs and parks. With major arterials, beaches and everything Frankston has to offer right at your doorstep.
This is a unique investment with high returns and some fantastic unique ownership benefits.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 3 | 1 | -m2 | 2024 12 01 | $580,000 | Council approved | |
 | 0.10 km | 4 | 1 | -m2 | 2024 11 19 | $610,500 | Council approved | |
 | 0.20 km | 3 | 1 | -m2 | 2024 11 08 | - | Council approved | |
 | 0.20 km | 4 | 1 | -m2 | 2024 11 03 | $595,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | 2024 08 17 | $575,000 | Council approved |