Located in the upper half of the tower – stretching from the fifth floor right up through to the ninth – residential apartments at The Peninsula on the Bay are open plan; fully furnished with Danish-inspired coastal furniture that combines modern sophistication with everyday comfort.
Starting at only $275,000, this represents a unique opportunity for investors and owner-occupiers alike. In addition, depreciation schedules are available for tax reductions, making investment ideal for self-managed super fund portfolios.
Amenities
Food and Retail
The Peninsula on the Bay is replete with all the local amenities one expects of modern communities, including easy access to some of Frankston’s highest quality shops, restaurants, and cafés.
A vibrant and unique retail precinct adorns the The Peninsula on the Bay complex, comprising of cosmopolitan cafés and restaurants run by award winning restaurateurs like Paul Mathis – the brain behind exquisite dining experiences such as Blue Train, Blackbird, Soulmama and Taxi.
Pizza enthusiasts will be delighted by what Bar Napoli has to offer. Run by acclaimed chef Nathan Scarfo, formerly of Sarti Restaurant, Bar Napoli pizza and pasta restaurant will give you a slice of southern Italian cuisine, specialising in delicious, traditionally prepared Neapolitan pizza, cooked using stone floors.
For coffee lovers, CoffeeHead2 offers a diverse choice of beans, and brewing methods to select from. In addition, breakfast and lunch menus are ideal for quick brunches, combining perfectly with their award-winning in-house blend, Coffee1961.
Other Amenities
For the everyday person who prides themselves in their appearance, The Peninsula on the Bay has a beauty salon on its doorstep. The renowned Ella Baché salon, famous for its facials and product lines in particular, offer residents solutions for managing every facet of their face and body. Whether you desire waxing, tinting, spray tans, body treatments, IPL, manicures or pedicures, Ella Baché is the one-stop shop for all your cosmetic needs.
The Peninsula on the Bay also contains a self-service Laundry Day that is available to residents all-day long, all year-round. Providing a café styled environment, Laundry Day includes everything ranging from wash and iron-only services, to hand ironed services, dry cleaning, alterations, stain removals and repairs. In addition they also provide residential pick-up and delivery services.
Tertiary and cultural attractions are also widely catered for, providing residents with close access to the Chisholm Institute of TAFE, Monash University (Peninsula Campus), and the Frankston Arts Centre.
In addition the city of Frankston is undergoing rapid changes to its infrastructure, which will see a number of newly-built and upgraded facilities come online over the course of the next decade, including:
An upgrade to the shopping district;
Peninsula Link;
Frankston Marina;
Frankston Regional Aquatic Centre;
Frankston Life Saving Club;
Frankston Reservoir;
George Petland Botanical Gardens; and
Frankston Hospital.
Investing in The Peninsula on the Bay
The Peninsula on the Bay is offering you a once-in-a-lifetime opportunity of investing in this thriving regional city by owning and living in, or by leasing, your very own coastal property. With returns of up to 6.5% per annum on the investment level and alongside strong real estate growth projections for Frankston, we believe that investments will see solid annual growth rates. Moreover, leasing enquiries have been robust, reflecting the strength and opportunity of investing at The Peninsula on the Bay.
Apartments, fitted by professional interior designers, come fully furnished, offering well considered designs that seamlessly fuse functionality and comfort. Furnished using Danish-inspired coastal furniture, apartments are designed with open plan living and dining in mind, leading to a balcony with sweeping views of the Mornington Peninsula. In addition, stone top benches adorn kitchens fitted with Fisher & Paykel appliances, creating a stylishly contemporary look.
With attractive depreciation incentives, luxurious furniture packages, beach front location and an entry level price point, The Peninsula on the Bay is a worry-free investment that has the potential for dynamic capital appreciation.
Frankston: Melbourne’s Newest Gem
Apartments and units are currently growing at 5.5% per annum in Frankston, exceeding the 4.7% growth rates for traditional houses. This disparity is only set to intensify as the urban growth in Frankston becomes concentrated at its core, leading to increases in high-rise residential buildings.
Currently, Frankston’s real estate market consists of 10% apartments; in contrast to the market for houses which stands at 82%. With little scope for urban spread, these figures reinforce expert projections that suggest demand for apartments will increase rapidly in the future, pushing up apartment prices significantly. For a 5-star apartment in the heart of Frankston, The Peninsula on the Bay is best positioned to take advantage of this demand and inevitable price increases.
Frankston City is an exciting place in which to live, work and visit. It is a vibrantly diverse community that has a proactive commercial, retail and clean manufacturing business environment. In addition, cutting-edge arts facilities and excellent restaurants and cafes are situated on the doorstep of the The Peninsula on the Bay precinct, enclosed by 10kms of beautiful coastline, clean foreshore and beaches.
The The Peninsula on the Bay is central to all Frankston has to offer. The first of its kind in Frankston, this development offers tenants and residents a metropolitan lifestyle that takes full advantage of the benefits of bay side living. As a new home, the amenities, coastal views, stylish interior design and on-site services will take your breath away; as an investment opportunity, the promise of strong growth and return rates is one that no serious investor should overlook.