104/435 Nepean HighwayFrankston VIC 3199
Property Details for 104/435 Nepean Hwy, Frankston
Last Listing description (November 2022)
Own your own piece of the Peninsula with bay views and a 7% ROI
This investment provides an ideal opportunity for those seeking a financially secure, set and forget investment. Apartment 104 at The Peninsula on the Bay is for sale for an astute investor who values a highly credible tenant and long-term lease. Currently leased to Quest, this impressive one-bedroom, one-bathroom apartment has been designed with its coastal surrounds in mind, with floor to ceiling windows and plenty of natural light. The kitchenette comes with Fisher and Paykel appliances including a dishwasher, and for year-round comfort there is a split system air conditioner and heater. Impeccably maintained by Quest it presents beautifully.The Peninsula on the Bay is a multi-million-dollar development with stylish furnished apartments and serviced offices, a New York Style laundrette, professional business centre, fully equipped gymnasium, beauty salon and ground floor dining options. Located opposite what is currently voted as Victoria’s number one beach, The Peninsula on the Bay is ideally located in the heart of Frankston at the gateway to the best that the Mornington Peninsula has to offer. Surrounded by boutique retail stores, entertainment, gourmet cafes and restaurants, this unique development is located just off the freeway with Melbourne CBD only a 40-minute drive away.Don’t miss out on this compelling investment opportunity – call now on 1300 652 532.
Property History for 104/435 Nepean Hwy, Frankston, VIC 3199
- 17 Aug 2020Listed for Sale High yielding investment with 7% returns
Recent sales nearby
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0About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.
Frankston has 21,675 properties. Over the last 5 years, Houses in Frankston have seen a 18.95% increase in median value, while Units have seen a 28.28% increase. As at 31 May 2026:
- The median value for Houses in Frankston is $850,246 while the median value for Units is $594,484.
- Houses have a median rent of $590 while Units have a median rent of $490.
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