117/435 Nepean HighwayFrankston VIC 3199
Property Details for 117/435 Nepean Hwy, Frankston
117/435 Nepean Hwy, Frankston is a 1 bedroom, 1 bathroom Unit.
Last Listing description (April 2024)
Quest Frankston on the Bay, located in the heart of Frankston's entertainment and dining precinct, offers New York-style studio apartments on the Mornington Peninsula and is situated near Bayside Shopping Centre, Frankston Foreshore, and Frankston Arts Centre.
Only 9years old, it is neat, modern and a low maintenance investment.
This one-bedroom studio with a total floor area 30.2sqm is located on the quiet side of the building yet is close to everything.
Sun-filled living area with a balcony and stylish kitchenette & bathroom.
The property also boasts a large communal entertainer's terrace- with foreshore/ ocean views, Bayside Shopping Centre at the rear, cafes & restaurants and pristine beaches are all located at your doorstep.
With a long-term lease and tenant in place, this is an investment not to be missed!
Lease Details:
Current Rent:$274per week -$14,250pa
Current Return:Return: 7.35% Gross -6.04%- Net
Rent Increases as follows:
April 2025- $285per week -7.64% gross
April 2026- $296per week - 7.94% gross
April 2027- $308per week - 8.26% gross
Lease Terms:Lease to14/04/ 2028with 2x 5 yearsplus and 1 x 6 yearsoption
Rent Increases:
4% yearly from 2025with market rent reviews every 5 years (next due 2028)
* Please note all returns do not include applicable government charges andlandlord's planned property refurbishments per the lease.
Approximate Owner Outgoings:
Council Rates:$880 per annum
Water Rates:$667 per annum
Body Corporate Administration fee:Paid by tenant
Body Corporate Sinking fund:$982 per annum
Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
Property History for 117/435 Nepean Hwy, Frankston, VIC 3199
- 17 Apr 2024Listed for Sale Not Disclosed
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 21,673 properties. Over the last 5 years, Houses in Frankston have seen a 24.64% increase in median value, while Units have seen a 29.97% increase. As at 30 April 2026:
- The median value for Houses in Frankston is $867,535 while the median value for Units is $593,226.
- Houses have a median rent of $590 while Units have a median rent of $490.
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