10 Holmes Street Frankston VIC 3199

NO INSPECTIONS SCHEDULED
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6 2 2
$1,125,000 - $1,200,000

Investors, Superannuation Portfolios and Developers

10 Holmes Street, Frankston
Substantial opportunity to buy an existing, fully council approved, 6 room boarding house in a prime location minutes from Monash University and Frankston Hospital.
Situated on approx. 873m2, with plans and permits for another 6 room self-contained boarding house at the rear.

Ideal for cashed up investors looking for a positively geared investment, self-managed superannuation portfolios, or as a long term negative geared investment. *
*(please seek advice from a financial planner).

The existing dwelling is currently returning up to approx. $55,000 p.a.

Its features include -
- Main Bathroom and a Disabled Bathroom
-Six good sized private bedrooms
-Wheel Chair access
-Dining Room
-Shared Modern Kitchen with gas and electric appliances
-Rear Sun Room
-Storage Sheds
-Undercover carport
-Easy maintained living areas and gardens.


With the potential to return up to an extra approx. $65,000 pa, for the extra dwelling at the rear, once built (STCA).
(Based on return of $208pw per room potentially rented out over a 12 month period).

Located within walking distance to Frankston City Centre, local shops, cinemas, restaurants, beach, and public transport.

This investment ticks all the boxes and makes good sense and a potential “Cash Cow” for the savvy investor.
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Last updated 07:20PM on May 23rd 2017
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Hocking Stuart Frankston

11 Playne Street
Frankston VIC, 3199

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