*7% GROSS RETURN *$710 PER WEEK RENT * SECURITY OF LONG TERM LEASE
Benefit from a long term lease , high returns and reduced outgoings.
This extra-large two bedroom apartment is located the top floor providing picturesque views overlooking the Ebdale Street Reserve and is positioned at the start of Frankston’s Activity Centre.
PLEASE NOTE THIS PROPERTY IS SUBJECT TO A LONG TERM LEASE AND IS FOR INVESTORS ONLY
The apartment boasts high ceilings, excellent natural light, a versatile floor plan that features a well appointed central living area, fully equipped kitchen complete with quality appliances. Additionally, the apartment includes two spacious bathrooms and is equipped with reverse cycle air-conditioning.
The building is meticulously maintained and offers modern amenities, including an intercom system, a heated pool, a BBQ area, and dedicated parking.
Rental Income: $36,898.67 pa
Rent Increases: 2% increase April 11th 2024 and annual 4% increase thereafter
Annual Return: 7% Gross
Lease Expiry Date: April 10, 2030
Lease Extension Option: One additional five-year term
Owners corporation maintenance fund
Water rates (excluding usage)
Tenant (Quest) outgoings:
Owners corporation administration fund
While great care has been taken in assembling the information presented above, it is important to emphasise that these details are provided for informational purposes only and should not be considered as representations by the Owner or the Agent.