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112/325 Nepean Highway, Frankston VIC 3199

$120,000

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$120k - $126k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath 1 Car 69 m² 69 m²

Listed: 30th Jul 2026

Updated: 15th Aug 2026

Overview

Set within the iconic Budget Ambassador complex, this apartment offers a rare combination of historical charm and spacious modern living. Originally part of a large hotel constructed from durable Daniel Robertson brick in the early 1980s, the building was thoughtfully converted into individually titled apartments in 2010, preserving a unique heritage ambiance.

This distinctive residence stands out as one of just four exclusive apartments located above the former chapel, previously the bridal suite providing special accommodations for wedding guests. Its unconventional layout creates a sense of privacy and character not found in typical units within the complex.

With approximately 69 square meters of internal space, the apartment includes a separate bedroom, a private living room, a functional kitchenette, and a separate bathroom, underlining its thoughtful design which comfortably accommodates everyday needs. The individually titled status also adds appeal for investors or buyers seeking a defined ownership structure.

Spacious 69m² internal floor area offering room to live and entertain
Currently leased for a strong rental return, enhancing investment value
Owners corporation fees around $811 per quarter, providing controlled upkeep
Unique floor plan distinct from other units in the complex

The apartment’s location is another significant advantage, positioned just moments from the beach and public transport links. Essential amenities including Frankston Hospital, Frankston Station, Bayside Shopping Centre, Monash University, and Chisholm TAFE are all conveniently within reach, offering excellent lifestyle flexibility.

This property presents a fascinating opportunity combining genuine historical significance, a standout architectural style, and a solid return at an affordable price point suitable for first-home buyers, investors, or those seeking a unique urban apartment with a story.

Local Market Insights

In Frankston, Quiet Listings observed 5 new apartments entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $763,800. The property type mix of listed properties is predominantly Houses at 71%, followed by units (12%), and apartments (7%). The most active agency for apartments in the Frankston area is currently Ray White, representing 80% of new listings, followed by Real Estate Champions with 20%. 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.