The former Ambassador Hotel in Frankston, now a 110-apartment complex. A Frankston apartment in a notoriously-troubled building with a reputation of being awash with drug addicts and ex-convicts has sold for just $99,000. Formerly the Ambassador Hotel — a ritzy wedding venue back in the 80s and 90s — the site later was used for short-stay accommodation and became a hub of anti-social behaviour and vandalism.
It was even dubbed by the owners as one of the most-dangerous addresses in Australia . RELATED: Known murders, flammable cladding, meth must be disclosed in Victoria Controversial lawyers list lavish Caulfield North home amid legal stoush Gangland widow Roberta Williams’ former home is a market hit, ex-Ristevski house for rent In 2018, an ice-fuelled resident was jailed after stabbing his neighbour in the back over a $27 drug-money dispute. But Fosterfroling Real Estate director Adrian Foster believes it’s now “not a bad place to live” compared to a few years ago.
The solid-brick unit that recently sold. It was offloaded for just $99,000. In June, he sold a one-bedroom unit in the 325 Nepean Highway building to an older gentleman for $99,000, and said he’s sold around half of the apartments in the complex.
“(The complex) is actually built ridiculously well, it’s solid brick and suspended slab floors — it’s not going anywhere,” Mr Foster said. “(The body corporate) have re-done the plumbing, they’ve re-done the wiring. They spent a fair bit of m.
