Frankston 1-9/7-9 Allenby Street

In one of Frankston's golden pockets, on an allotment of over 2500m², this block of 9 already subdivided units is being sold as one, making a rare and brilliant investment for experienced investors, self-managed super funds or builders who could renovate the entire block and sell them off individually at a later date. Better still there is a current rent return of $115,000p.a. (approximately) with potential for further rises before and after improvement giving you instant security and impressive returns. Each unit has been well designed with similar floor plans and features including a generous lounge with electric heater and an adjoining meals area and kitchen with electric wall oven and cook top. Each also has 2 bedrooms with built in wardrobes, a neat bathroom, separate toilet, a full laundry, a single carport and an easily maintained courtyard with units 1, 4, 5 and 9 all enjoying much larger yards. The reason this location is so popular is that you can easily access everything in minutes including buses, Frankston Freeway entry, all of the shops and entertainment of central Frankston and of course beautiful beaches.

Property Features

• Carports 9