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Overview
This investment opportunity features nine units spread across two adjoining properties, offering a robust upside for investors seeking reliable rental income in Frankston. The combined properties include a total land area of approximately 1849 square meters, divided between two separate blocks.
Units 1 to 5, located at 11 Bradshaw Street, comprise five two-bedroom single level units, all of which are currently leased. These units offer convenient, functional layouts and long-term tenant stability with steady rental returns.
The second block, Units 1 to 4 at 13-15 Bradshaw Street, features a four-unit double-story complex. Each unit offers two well-sized bedrooms. All units are also currently leased, providing consistent gross annual returns estimated at approximately $193,190.
Both properties are being sold together as a package and are not available for individual sale. Notably, these units are not strata-titled, which may present opportunities for an investor interested in reconfiguring or managing the property portfolio without the constraints of a body corporate.
The combined land size of just over 1800 square meters provides significant development or redevelopment potential subject to council approvals, making this parcel flexible for various investment strategies. The location within Frankston offers excellent access to local amenities, transport, and community services that contribute to the appeal for tenants and future value uplift.
This offering includes a comprehensive Section 32 vendor statement, and a Building and Pest Report is available to provide prospective investors with further insights into the condition of the properties.
Given the consistent rental income, the strong land holding, and flexibility in usage, this portfolio represents a compelling opportunity for owner-occupiers or investors seeking to boost their real estate portfolio with high-yielding units in a strategic location.
Local Market Insights
In Frankston, Quiet Listings observed 24 new units entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $615,938. The property type mix of listed properties is predominantly Houses at 63%, followed by units (18%), and townhouses (5%). OBrien Real Estate was the most active agency in this area, representing 24.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Frankston VIC 3199
Market Insights for Frankston VIC 3199
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
