Prime Investment Opportunity: 9-Bedroom Rooming House on 917m² Block in Frankston!

Unlock the potential of this positively geared investment opportunity and discover an extraordinary chance with this expansive 9-bedroom rooming house nestled on a substantial 917m² block in Frankston. Offering a plethora of desirable features, this property presents an enticing investment prospect in a prime location.

Ideal for various markets such as accommodations for Monash University students, NDIS (government housing), AirBNB tourist markets, Hastings Naval Base Housing, extended families, medical rooms, childcare centres, co-working spaces, hospital staff housing, small business purposes, or groups buying together, this property offers a versatile array of opportunities for astute investors.

Boasting a spacious layout, the main residence comprises 5 king rooms, 2 double rooms, and 2 king single rooms, along with three bathrooms, ensuring ample accommodation for occupants. Additionally, the property comes fully accessible, catering to diverse needs and preferences.

One of the standout attributes of this property is its approved occupancy permit for Class 1B Building Use, allowing for a maximum capacity of 12 individuals. This regulatory approval streamlines the process for potential investors, providing assurance and peace of mind.

Situated on a large sub-dividable block, the property offers immense potential for future development or expansion, enhancing its long-term value. Its central location ensures easy access to Frankston’s vibrant foreshore, essential amenities, and facilities, making it an attractive choice for tenants and residents alike.

Moreover, being within the prestigious Frankston High School zone adds further appeal to the property, making it highly desirable for families seeking quality education opportunities for their children.

Beyond its structural attributes, the property is replete with modern conveniences and aesthetic enhancements. From a well-equipped kitchen featuring a 900mm oven and rangehood to practical amenities like accessible parking and ramps, every aspect has been thoughtfully designed to enhance comfort and functionality.

Additional features such as solar panels, NBN internet connectivity, and multiple outdoor entertaining areas further elevate the property’s appeal, catering to contemporary lifestyle preferences and sustainability considerations.

In summary, this 9-bedroom rooming house presents a lucrative opportunity for astute investors seeking a high-yield property in a prime location. With its spacious layout, regulatory approvals, and array of modern amenities, it stands poised to deliver strong returns and long-term growth potential.