Frankston 26a Queen Street
- 870 m2
Queen Street Boarding House.
Here is an incredibly unique opportunity to acquire a blue chip investment, the Queen Street council-approved boarding house in a prime Frankston locale. Only 45min to Melbourne CBD, set on 870sqm of land within a short stroll to shops, public transport and all the amenities Frankston has to offer including Frankston Hospital and Bayside Centre. Currently returning approx. $52,000 p/a the 1950's built property offers:
• Single-storey residence with 5 x 1 bedroom bed-sits
(Each bed-sit has built in robes and a sink with hot/cold water)
• 2 communal bathrooms
• 2 communal toilets
• 1 x 2/3 bedroom house
• Large lounge /dining area
• kitchen and dining area
• Huge entertainment room
• Double garage/storage shed at the rear of the block.
The popularity of the property and its location is evident from its high occupancy rate, with many long term tenants combined with excellent income history make this a fantastic investment opportunity and will be a jewel in anybody’s investment portfolio. For more information please contact Peter Demos on 0413 111 425.