Lot 105, 377 Nepean Highway, Frankston VIC 3199

Quest Frankston is located only a short walk to the Bayside Shopping Centre & Frankston Beach and is approximately 2.5km away from the Frankston Arts Centre, Peninsula Health and Monash University's Peninsula Campus. Busy commercial hubs like Carrum Downs, Dandenong South and Braeside Business Parks are an easy 15-20 min drive away and Melbourne CBDis easily accessible via Eastlink.
Quest Frankston is a great base for those visiting Mornington Peninsula and Phillip Island, and homes many corporate clientele year round.

Lease Details:
Current Rent: $324 per week $16,846 pa
Current Return: 6.73% Gross - 5.79% Net

APRIL 2023 + 2%= 6.86% gross
APRIL 2024 + 2%= 7.00% gross
APRIL 2025- Market Review

Leased to: 11/04/2025 plus 4 x 5 Year options
Rent Increases: lease reverts back to 4% yearly increases from 2025+ with market rent reviews every 5 years (next due 2025)

**Net returns do not include capital works or additional expenses associated with property ownership
** Rents have been round to the nearest dollar**

Spacious one bedroom apartment boasting a fully equipped kitchen (oven, cook top and dishwasher), built in robes, internal laundry facilities, split system heating and cooling, outdoor patio and a car park on title.

*** PLEASE NOTE***
Refurbishments due this term of the lease are carpet and paint

Approximate Owner Outgoings:

Council Rates: $1209 per annum
Water Rates: $657 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $494 per annum


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