All the hard work has been done for you to acquire this lucrative 1B registered rooming house. Situated directly behind Karingal Hub, it is close to public transport and all amenities Frankston has to offer.
This 9 bedroom property has been fully renovated. It is disabled compliant, registered with Frankston City Council and is overseen by a manager (details can be provided).
It comes fully furnished and features:
– 9 secure individual bedrooms with TV’s, bedding and bedroom furniture included
– Fully renovated bathrooms
– A new and spacious kitchen with modern appliances and shared laundry facilities
With close to a 100% occupancy and an average room rate of $190 pw, the property provides high yield and is a secure investment in an industry that is growing and regulated.
- 9 bed
- 3 bath
- Land is 600 m²
Fast Facts about Frankston
- Population 34,457
- Area Size 20.8 km2 (8.0 Sq Mi)
- Location 41 km (25 mi) from Melbourne city centre
- LGA Frankston City
- European settlement of Frankston began immediately after the foundation of Melbourne in 1835, as an unofficial fishing village serving the early Melbourne township.
- Prior to its settlement, the Frankston area was populated primarily by the Mayone-bulluk clan of the Bunurong people of the Kulin nations.
- Frankston has been a popular seaside destination of Melbourne since the early 1880s.
- Frankston Beach is still one of the most popular in Victoria and is recognised as one of the cleanest in Australia.
- Olivers Hill was named after local fisherman, James Oliver, who built a cottage atop the hill from where he kept an eye out for fish in the waters below.
- The first official land sales in the area were held in 1853, and Frank Liardet (the eldest son of prominent settler, hotelier and descendant of French nobility, Wilbraham Liardet), established the “allam Ballam” estate in 1854. The estate was the earliest officially recorded settlement in Frankston, and was located to the east of Port Phillip, in what is now known as the locality of Karingal. Liardet's original homestead "Ballam Park" remains today, and is now heritage listed.