10 Holmes Street Frankston VIC 3199
Investors, Superannuation Portfolios and Developers10 Holmes Street, Frankston
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
-Shared Modern Kitchen with gas and electric appliances
-Rear Sun Room
-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.
- No inspections scheduled
- Contact Agent
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Real Estate For Sale in Frankston, VIC 3199 priced between $800,000 and $1,500,000