First National Real Estate - Craig Mann
Main view of Homely house listing, 18 Netherplace Drive, Frankston VIC 3199
Second view of Homely house listing, 18 Netherplace Drive, Frankston VIC 3199
Third view of Homely house listing, 18 Netherplace Drive, Frankston VIC 3199
Fourth view of Homely house listing, 18 Netherplace Drive, Frankston VIC 3199
Fifth view of Homely house listing, 18 Netherplace Drive, Frankston VIC 3199
+13

Sold

18 Netherplace Drive, Frankston VIC 3199

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Price Undisclosed

  • 13 Bed
  • 6 Bath
  • 6 Car
  • 3732m²

House Sold on Fri 28 Aug, 2020

House description

“Land Bank with $$$$ Return!”

RARE OPPORTUNITY
This is a rare opportunity to secure property with land size of approximately 3732m2 Zoned – Residential General 1 - there is potential for future significant development STCA. The property is currently operating as a Boarding House & is permitted to operate as a Medical Centre, Aged Care Facility, Place of Worship plus several other options. The current rental return is $109,115 per annum. The building is expansive offering 865sqm approx. with 13 bedrooms, 6 bathrooms, a common lounge & dining area, kitchen, managers offices & staff room. The property is fitted with hydronic heating and split system air conditioning units.
Positioned with immediate access to arterial routes including Eastlink, Peninsula Link & Frankston Freeway in prime Frankston location near schools, shops, public transport, doctors and sporting grounds in the fast growing Frankston precinct this is one to add to your portfolio and build your wealth.

PROPERTY HIGHLIGHTS
Currently leased until 1 July 2021
Fixed annual rent increases
Approximately 3732m2 site

DESCRIPTION
+ further 15 year option to 2036
+ Fixed annual rent increases
+ Expansive building of 865m2
+ Substantial 3732m2 site 1km from Mount Erin College with immediate access to arterial routes including Eastlink, Peninsula Link & Frankston Freeway
+ Net Income: $99,195pa + GST
+ Land Tax Exemption - compensation re special needs accomodation

Call Jenny on 0432 685 961 or email [email protected] to register your interest today.

Property features

airConditioning

Air Conditioning

Other features

0

Land details

Area: 3732m²

Documents

Statement of Information: View

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Jenny Bourne
First National Real Estate - Craig Mann

Jenny Bourne

First National Real Estate - Craig Mann

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18 Netherplace Drive, Frankston VIC 3199
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18 Netherplace Drive, Frankston VIC 3199
  • 13
  • 6
  • 6
  • 3732m²
Jenny Bourne

Jenny Bourne

First National Real Estate - Craig Mann