Joe Bonifazio
+ 61 0425 859 943
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For sale
House • 2w
$1,630,000 to $1,760,000
2 Alba Street, Frankston North, VIC, 3200, Australia
8
8
613 m²
About this Property
We are offering a unique opportunity to purchase an amazing residential property that currently generating cash flow of $134,000 p.a. in gross income – a yield of at least 7.6%.
This property is a newly built in December 2023 Class1B Rooming House comprising 8 room with 8 ensuites.
All rooms have access to the central kitchen as well as a coin operated laundry facility in the building.
It has all the necessary council approvals and is registered for use.
This investment offers certainty of income, land tax exemption, and division 43 depreciation benefits.
This property features 613sqm (approx.) of land in a quiet street conveniently located just a few steps from bus stops, local milk-bar, shopping centres, primary and secondary schools, sporting clubs and parks. With major arterials, beaches and everything Frankston has to offer right at your doorstep.
This is a unique investment with high returns and some fantastic unique ownership benefits.
This property is a newly built in December 2023 Class1B Rooming House comprising 8 room with 8 ensuites.
All rooms have access to the central kitchen as well as a coin operated laundry facility in the building.
It has all the necessary council approvals and is registered for use.
This investment offers certainty of income, land tax exemption, and division 43 depreciation benefits.
This property features 613sqm (approx.) of land in a quiet street conveniently located just a few steps from bus stops, local milk-bar, shopping centres, primary and secondary schools, sporting clubs and parks. With major arterials, beaches and everything Frankston has to offer right at your doorstep.
This is a unique investment with high returns and some fantastic unique ownership benefits.
Statement of Information
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Joe Bonifazio
The Hopkins Group
+ 61 0425 859 943
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More Details on 2 Alba Street, Frankston North VIC
How many bedrooms and bathrooms does 2 Alba Street, Frankston North have?
2 Alba Street, Frankston North is a 8 bedroom, 8 bathroom house.
Who is the agency that listed 2 Alba Street, Frankston North?
The agency who listed 2 Alba Street, Frankston North is The Hopkins Group - you can contact the agents here.
How many car spots does 2 Alba Street, Frankston North have?
2 Alba Street, Frankston North is a 0 car spot home.
How much is 2 Alba Street, Frankston North?
The price of 2 Alba Street, Frankston North is $1,630,000 to $1,760,000 - contact the agents to find out more.