114/435 Nepean Highway, Frankston, Vic 3199

At the gateway to the Mornington Peninsula, Quest Frankston by the Bay is located in the heart of Frankston's central business district and within walking distance to the beach and the entertainment and restaurant precinct.

**Within a young complex- only 5 years old**

Large One bedroom studio, total floor area 50.2m2.
Seperate bedroom and living zones, with stylish kitchen and quality fixtures. Large balcony, and split system heating and cooling.
Neat, modern low long maintenance investment.
The property also boasts a large communal entertainers terrace- with foreshore/ ocean views, Bayside Shopping Centre at the rear, cafes & restaurants and pristine beaches at your doorstep.

Carpet and Paint refurbishment will be due within the next 6- 18 months

Lease Details
Rent : $379 per week ($19,727 per annum)
Return: 7.04% Gross - 5.25% Net
Terms: Lease to 14/04/2023 plus 3 x 5 Year options
** Rent is fixed until 2023
** 4% yearly increases after 2023
** Next market review not due until 2023.

The apartment is finished with high quality fixtures, split system heating/ cooling and kitchenette featuring stainless steel appliances.

Approximate Owner Outgoings
Council Rates: $1352 pa approx
Water Rates: $660 pa approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $2988 pa approx