313/377 Nepean Highway, Frankston, VIC 3199

313/377 Nepean Highway, Frankston, VIC 3199 IDEAL PASSIVE INCOME STREAM $724 PER WEEK RENT 7.2% RETURN

Investment only opportunity

Benefit from

A long term lease

High returns

Reduced outgoings

Set and forget investment

Perfect for the SMSF

This extra-large two bedroom apartment is located the top floor providing picturesque views overlooking the Ebdale Street Reserve and is positioned at the start of Frankston's Activity Centre.

PLEASE NOTE THIS PROPERTY IS SUBJECT TO A LONG TERM LEASE AND IS FOR INVESTORS ONLY

The apartment boasts high ceilings, excellent natural light, a versatile floor plan that features a well appointed central living area, fully equipped kitchen complete with quality appliances. Additionally, the apartment includes two spacious bathrooms and is equipped with reverse cycle air-conditioning.

The building is meticulously maintained and offers modern amenities, including an intercom system, a heated pool, a BBQ area, and dedicated parking.

Rental Income: $37,636.64 pa

$723.78 pw

Rent Increases: Annual 4% increase thereafter each April 11th

Annual Return: 7.2% Gross

Lease Expiry Date: April 10, 2030

Lease Extension Option: One additional five-year term

Owners outgoings:

Owners corporation maintenance fund

Council rates

Water rates (excluding usage)

Tenant (Quest) outgoings:

Owners corporation administration fund

Insurance

General maintenance

While great care has been taken in assembling the information presented above, it is important to emphasise that these details are provided for informational purposes only and should not be considered as representations by the Owner or the Agent.