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Frankston Suite 19/435 Nepean Highway

22.41 m2


22.41 m2
Price: $89,500

You do the math and tell me where else you can find a 5.88% yield today - after costs!

This is a most regretful sale but my instructions are clear, all offers will be submitted to the vendor for careful consideration !

Do not miss this opportunity....

Suite 19 at 435-437 Nepean Hwy is perfectly located on bustling Nepean Hwy and perfectly positioned across the road from Kananook creek and the golden sands of Frankston beach.

If you are tired with residential investments and the ongoing issues with maintenance, bad tenants, and vacant properties, well this ready-to-go commercial office in Quest Hotel is perfect for you!!!

If you are tired of having 90K in the bank earning 1½% interest, this ready-to-go commercial office in Quest Hotel is perfect for you!!!

The current secure lease of 5 years is returning to the owner $595.12 per calendar month. The lease commenced on 12th April 2018 and with the option of 3 further terms each of five years it is an outstanding investment.

Additionally, the existing lease has an annual increase of 3% per year.

The building has 9 levels above the office with the first 4 floors being Quest and the 5 above that being residential apartments.

The lease is with Asian Pacific Serviced Offices and the below link provides full details of what they offer:

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11 Playne Street, Frankston
Tel: 03 9781 3366    Fax: 03 9781 1022