19/435 Nepean Highway, Frankston, Vic 3199

Sold: $275,000 (01-01-2014)

19/435 Nepean Highway, Frankston, Vic 3199 3199
SOLD
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Double Your Bank's Interest.

Currently securely leased for 10 years with further options of 5 x 5 x 5 to the renowned Quest Group, this is the only apartment left with a courtyard and offering the best return of 6.68% p.a. Rent $349.53 p.w. ($18,175.42p.a.) with 4% increases after the second term.

This fully furnished & newly refurbished apartment is the best value in the area. Right in the heart of the CBD.
• No management fees
• Outgoings approximately $1,000 (Council & Water rates) & $700 Sinking Fund
• Tenant pays Body Corporate & insurances (Building and contents
• 150-200 metres to beach (voted best beach 2 years running)
• Granite bench tops with integrated fridge, dishwasher & convection microwave.
• Large courtyard.
• Walking distance to train station
• Around the corner from Bayside Shopping Centre, Hoyts Cinema & Arts Centre.

This is by far the best investment available in the area.

Apartment is currently tenanted so inspections by appointment only.

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