8%+ Net Yield & Land Tax Exempt – Brand New Block of 9 Studio Apartments – Being Sold in One Line
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 25th October 2024 at 10:30AM (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 ???
0416 621 859
*Approximately
Property Code: 1086