212/435 Nepean Highway

Frankston VIC 3199

Just steps from the shoreline, Apartment 212 at The Peninsula on the Bay offers the perfect mix of investment security and beachside appeal. This fully furnished studio delivers modern, open-plan living, a generous bathroom, sleek kitchen, and a sunlit balcony with coastal outlooks-making it an ideal low-maintenance property for investors or first-time buyers.Currently leased with a solid return of $11924 per annum and annual 4% increases, this opportunity is SMSF-friendly and backed by a long-term tenant with two 5-year options plus a 7-year option in place. Priced competitively for a quick sale, it offers an effortless entry into the thriving Frankston market. Options run until 2045.Features Include;* Light-filled studio layout with open plan flow* Private balcony * Large bathroom with premium finishes* Sleek kitchen with cooktop, oven & storage* Full access to gym, business lounge & terrace* On-site launderette with New York-style design* Walk to cafs, dining and boutique retailers* Steps to Frankston Beach, trains & shopsPerfectly positioned at the gateway to the Mornington Peninsula, this apartment offers an unbeatable mix of lifestyle, location, and long-term value. Properties like this move fast-enquire now to avoid missing out.