sold
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1 of 18
Sold Property
$1,100,000
A rare find in refined territory, this 4-unit allotment atop Olivers Hill offers an incredible investment opportunity by the beach in one of Frankston's most exclusive precincts.
This 910sqm (approx) allotment captures a privileged position within the Frankston High School Zone and less than 5 minutes' drive to Frankston Station, Frankston's medical and arts precincts, PARC, schools and more.
Beachside of Kars Street and 5 minutes' walk to the foreshore, this is a prime position for anyone seeking to landbank for the future while reaping rental returns.
The north-facing site comprises a 2-bedroom unit at the front and 3 x 1-bedroom units behind, in a quiet street leading to the top of Olivers Hill and discreetly to the beach via Somme Laneway.
Each independant unit includes a car park, all are currently tenanted (returning approx $54,000 p.a.), and all offer low-maintenance living.
Units 1, 2 and 3 have been renovated and Unit 4 is original. All feature open-plan living and enclosed courtyards.
The renovated units include modern kitchens with dishwashers and stainless steel cookers with gas hobs.
Property ID: #VHC4759
Office
Sold Property
A rare find in refined territory, this 4-unit allotment atop Olivers Hill offers an incredible investment opportunity by the beach in one of Frankston's most exclusive precincts.
This 910sqm (approx) allotment captures a privileged position within the Frankston High School Zone and less than 5 minutes' drive to Frankston Station, Frankston's medical and arts precincts, PARC, schools and more.
Beachside of Kars Street and 5 minutes' walk to the foreshore, this is a prime position for anyone seeking to landbank for the future while reaping rental returns.
The north-facing site comprises a 2-bedroom unit at the front and 3 x 1-bedroom units behind, in a quiet street leading to the top of Olivers Hill and discreetly to the beach via Somme Laneway.
Each independant unit includes a car park, all are currently tenanted (returning approx $54,000 p.a.), and all offer low-maintenance living.
Units 1, 2 and 3 have been renovated and Unit 4 is original. All feature open-plan living and enclosed courtyards.
The renovated units include modern kitchens with dishwashers and stainless steel cookers with gas hobs.
Property ID: #VHC4759
Office Harcourts Central
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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