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644 Frankston-Flinders Road, Baxter, VIC, 3911

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644 Frankston-Flinders Road, Baxter, VIC, 3911

Baxter

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644 Frankston-Flinders Road, Baxter, VIC, 3911

Baxter

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644 Frankston-Flinders Road, Baxter, VIC, 3911

644 Frankston-Flinders Road, Baxter, VIC, 3911

Properties / Sold / Victoria / Baxter
Tenanted Investment
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
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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 林煒峻

0416 621 859

*Approximately

Property Code: 1086

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

644 Frankston-Flinders Road Investment 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

Investment 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 林煒峻

0416 621 859

*Approximately

Property Code: 1086

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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644 Frankston-Flinders Road, Baxter, VIC, 3911

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Property Location of 644 Frankston-Flinders Road, Baxter, VIC, 3911

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644 Frankston-Flinders Road, Baxter, VIC, 3911 Baxter
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