At this address is a unit located on a lot in 108/PS519929 Frankston VIC. It has an estimated value of $295,000. Built in 2000, it has 1 bedroom, 1 bathroom.
Great Rental Return in Bayside Suburb **INVESTORS ONLY**Located in the Bayside suburb of Frankston and within easy access to the Frankston Freeway, Eastlink, Monash University (Peninsula Campus), Frankston Arts Centre and the local shopping and dining precinct.This one bedroom apartment is spacious and boasts a fully equipped kitchen (oven, cook top and dishwasher), built in robes, internal laundry facilities, split system heating and cooling, patio and a car park on title.Lease Details:Current Rent: $368 per week ($19,139 per annum)Next Rent Increase: 11th April 2019Current Return: 6.69% Gross / Net 5.83%Return as of 11th April 2019: 6.96% Gross / 6%Lease Terms: Lease to 10/04/2020 plus 4 x 5 Year optionsRent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)Approximate Owner Outgoings:Council Rates: $1453 per annumWater Rates: $681 per annumBody Corporate Administration fee: Paid by tenantBody Corporate Sinking fund: $330 per annum