122/325 Nepean Highway, Frankston VIC 3199

| small studio risk | no parking | tenant in situ | capped upside | The decision depends on accepting the constraints of a 31-square-metre studio with no car space, which limits buyer pool and future exit flexibility. The $704 quarterly owners corporation fee eats into the roughly $250 weekly rental yield, compressing net return. A long-term tenant provides immediate cash flow, but you inherit no vacancy optionality. This unit works best as a buy-and-hold rental; its beach proximity and low entry price make a viable starter investment, but owner-occupiers should pass. The competitive strength is pure price point under $135,000 in a 250-metre beachside corridor with access to Frankston Central and the train station. Solid brick construction and a first-floor position in an established complex reduce maintenance surprises. This serves the budget-constrained investor chasing yield over capital growth. The tenant in place cures the usual vacancy risk. If you want Melbourne beach exposure at lowest entry cost with a tenant already paying, this is the chance to secure it now.