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Report ListingDerek Lea
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Australia | Frankston South
39A Culcairn Drive, Frankston South, Vic 3199
Invest with Security, Moments to Monash
Introducing an innovative investment opportunity for seasoned investors or self-managed super funds, this tailored rooming house, configured into five micro-apartments, promises unparalleled flexibility with individual tenancy agreements. Each currently occupied, an impressive annual income proposes a unique investment avenue for those seeking to add to their growing investment portfolio.
Capitalising on its proximity to Monash University and Frankston Hospital to afford students and others the luxury of communal living, a shared kitchen with laundry facilities brings people together across an otherwise private allotment of 604sqm, with ample off-street parking.
Set-back from the street, each micro-apartment offers a studio layout complete with ample light and modern amenities including kitchenette, complete bathroom, individual split-system air conditioning and bedroom/lounge area. Playing into its position with a true lifestyle offering, find Bayside Shopping Centre, Frankston High School and Frankston Train Station all only moments from home.
Currently providing an annual rental yield of $65,300.000p.a with an additional $2,000.00(p.a) from coin washing machines.
Secure Parking:
no
Dishwasher:
no
Broadband:
no
Ducted Heating:
no
Ducted Cooling:
no
Split system Heating:
no
Hydronic Heating:
no
Split system Air con:
no
Gas Heating:
no
Reverse Cycle Air con:
no
Evaporative Cooling:
no
Air Conditioning:
no
Alarm System:
no
vacuumSystem:
no
Intercom:
no
Pool In Ground:
no
Pool Above Ground:
no
Tennis Court:
no
Balcony:
no
Deck:
no
Court yard:
no
Outdoor Ent:
no
Shed:
no
Open FirePlace:
no
Hot Water Service:
no
Inside Spa:
no
Outside Spa:
no
Furnished:
no
Study:
no
Built in Robes:
no
Gym:
no
Workshop:
no
Rumpus Room:
no
Floor boards:
no
PayTV:
no
Fully Fenced:
no
entertaining area:
no
Vacuum System:
no
Ducted Vacuum System:
no
Swimming Pool In ground:
no
Energy Efficiency Rating: Low (0):
no
Energy Efficiency Rating: Med (6.0):
no
Energy Efficiency Rating: High (8.0):
no
Energy Efficiency Rating: Med (5.0):
no
Energy Efficiency Rating: Med (5.5):
no
Energy Efficiency Rating: High (10.0):
no
Energy Efficiency Rating: Low (0.5):
no
Energy Efficiency Rating: Low (2.5):
no
Energy Efficiency Rating: High (8.5):
no
Energy Efficiency Rating: Med (7.0):
no
Energy Efficiency Rating: Low (1.5):
no
Energy Efficiency Rating: Low (3.5):
no
Energy Efficiency Rating: Med (4.0):
no
Energy Efficiency Rating: Low (3.0):
no
Energy Efficiency Rating: Low (2.0):
no
Energy Efficiency Rating: Med (7.5):
no
Energy Efficiency Rating: Med (6.5):
no
Your monthly budget 
We use your income and expenses to calculate how much remains each month after you make loan repayments.
Repayments
Expenses
Remaining
Listed price from 1,170,000 We use your income and expenses to calculate how much remains each month after you make loan repayments.
Deposit
The Available deposit figure below shows your total deposit minus upfront costs. Please click on the link for detail.
Interest
Based on current RBA Lenders' Interest Rates. For Owner occupied properties it is 6.28% and Investment properties 6.52%.
Agent Name
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