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644 Frankston-Flinders Road, Baxter, VIC, 3911

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644 Frankston-Flinders Road, Baxter, VIC, 3911

644 Frankston-Flinders Road, Baxter, VIC, 3911

Properties / Buy / Victoria / Baxter
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
AUCTION
Land Area
650 m² (*approx)
Floor Area
296 m² (*approx)
Property Type
Hotel/Leisure, Land, Other
Sub-type
Serviced Apartments
Est. Income
$155,500 p/a
Car Spaces
6
Show All

2. Property Highlights

8%+ Net Yield & Land Tax Exempt – Brand New Block of 9 Studio Apartments – Being Sold in One Line
  • Rare Land Tax Exempt Property^
  • $155,500* Fully Leased Net Income
  • Massive Tax Depreciation Benefits

Stonebridge Property Group is pleased to present 644 Frankston-Flinders Road, Baxter for sale all in one line via Public On-site Auction.

Key highlights of the opportunity include:

- Brand new block of 9 studio apartments with on-site car parking and meticulously designed to cater for the affluent Baxter precinct

- Completed August 2024 representing the new owner significant tax deprecation benefits and a net income of $155,500* (State Government land tax-exempt property^)

- Apartments have been constructed with top-range appliances and finishes and private outdoor space

- Significant 650 sqm* landholding with over 15 m* frontage to Frankston-Flinders Road, which allows clever retail activation or any future development (STCA)

- Surrounded by retail amenity featuring Ampol Foodary, Woolworths, Hungry Zaks Fish n' Chips, Chemist Warehouse, Peninsula Lifestyle Retirement Village, and Baxter Kindergarten and Children’s Centre (700 m*)

- Unrivalled lifestyle amenity including Baxter Park (300 m*), Mornington Peninsula Pony Club (1.2 km*), Watson Creek (780 m*) and Frankston Nature Conservation Reserve (2.5 km*)

- Excellent transport linkages with bus stops along Baxter-Tooradin Road and Frankston-Flinders Road, and in close proximity to Baxter Train Station (1.1 km*)

- Immediate access to major arterials including Baxter-Tooradin Road, Mornington Peninsula Fwy (280 m*), and Moorooduc Hwy (1.5 km*)

644 Frankston-Flinders Road, Baxter is for sale via Public On-site Auction Friday 22nd November 2024 at 10AM (AEDT) .

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner

0459 396 341

Max Warren

0488 296 892

Ian Lam æž—ç…’å³»

0416 621 859

*Approximately

Property Code: 1086

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Hotel/Leisure, Land, Other
Sub-type
Serviced Apartments
Est. Income
$155,500 p/a
Land Area
650 m² (*approx)
Floor Area
296 m² (*approx)
Car Spaces
6
Selling Method
Auction
Auction Date
22 Nov 2024 10:00AM
Selling Details
AUCTION

2. Property Highlights

8%+ Net Yield & Land Tax Exempt – Brand New Block of 9 Studio Apartments – Being Sold in One Line
  • Rare Land Tax Exempt Property^
  • $155,500* Fully Leased Net Income
  • Massive Tax Depreciation Benefits

Stonebridge Property Group is pleased to present 644 Frankston-Flinders Road, Baxter for sale all in one line via Public On-site Auction.

Key highlights of the opportunity include:

- Brand new block of 9 studio apartments with on-site car parking and meticulously designed to cater for the affluent Baxter precinct

- Completed August 2024 representing the new owner significant tax deprecation benefits and a net income of $155,500* (State Government land tax-exempt property^)

- Apartments have been constructed with top-range appliances and finishes and private outdoor space

- Significant 650 sqm* landholding with over 15 m* frontage to Frankston-Flinders Road, which allows clever retail activation or any future development (STCA)

- Surrounded by retail amenity featuring Ampol Foodary, Woolworths, Hungry Zaks Fish n' Chips, Chemist Warehouse, Peninsula Lifestyle Retirement Village, and Baxter Kindergarten and Children’s Centre (700 m*)

- Unrivalled lifestyle amenity including Baxter Park (300 m*), Mornington Peninsula Pony Club (1.2 km*), Watson Creek (780 m*) and Frankston Nature Conservation Reserve (2.5 km*)

- Excellent transport linkages with bus stops along Baxter-Tooradin Road and Frankston-Flinders Road, and in close proximity to Baxter Train Station (1.1 km*)

- Immediate access to major arterials including Baxter-Tooradin Road, Mornington Peninsula Fwy (280 m*), and Moorooduc Hwy (1.5 km*)

644 Frankston-Flinders Road, Baxter is for sale via Public On-site Auction Friday 22nd November 2024 at 10AM (AEDT) .

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner

0459 396 341

Max Warren

0488 296 892

Ian Lam æž—ç…’å³»

0416 621 859

*Approximately

Property Code: 1086

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

3. Property Location

644 Frankston-Flinders Road, Baxter, VIC, 3911

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