Mahere Papa
Rūma Manuhiri
Kihini
Introducing an innovative investment opportunity for seasoned investors or self-managed super funds, this tailored rooming house, configured into five micro-apartments, promises unparalleled flexibility with individual tenancy agreements. Each currently occupied, an impressive annual income proposes a unique investment avenue for those seeking to add to their growing investment portfolio.
Capitalising on its proximity to Monash University and Frankston Hospital to afford students and others the luxury of communal living, a shared kitchen with laundry facilities brings people together across an otherwise private allotment of 604sqm, with ample off-street parking.
Set-back from the street, each micro-apartment offers a studio layout complete with ample light and modern amenities including kitchenette, complete bathroom, individual split-system air conditioning and bedroom/lounge area. Playing into its position with a true lifestyle offering, find Bayside Shopping Centre, Frankston High School and Frankston Train Station all only moments from home.
Currently providing an annual rental yield of $65,300.000p.a with an additional $2,000.00(p.a) from coin washing machines.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 4 | 2 | -m2 | 2025 01 25 | $1,110,000 | Council approved | |
 | 0.26 km | 3 | 1 | -m2 | 2024 11 05 | $800,000 | Council approved | |
 | 0.23 km | 3 | 1 | 133m2 | 2024 10 08 | $765,000 | Council approved | |
 | 0.14 km | 2 | 2 | -m2 | 2024 09 23 | $640,000 | Council approved | |
 | 0.22 km | 3 | 2 | -m2 | 2024 09 11 | - | Council approved |