114/435 Nepean HighwayFrankston VIC 3199
Property Details for 114/435 Nepean Hwy, Frankston
114/435 Nepean Hwy, Frankston is a 0 bedroom, 1 bathroom Unit with 1 parking spaces.
Last Listing description (September 2018)
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
Property History for 114/435 Nepean Hwy, Frankston, VIC 3199
- 13 Aug 2018Listed for Sale Not Disclosed
Recent sales nearby
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0About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of 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 21,754 properties. Over the last 5 years, Houses in Frankston have seen a 37.92% increase in median value, while Units have seen a 37.00% increase. As at 31 January 2026:
- The median value for Houses in Frankston is $874,464 while the median value for Units is $593,610.
- Houses have a median rent of $580 while Units have a median rent of $490.
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