This is a house on a lot in 8/LP44042 Frankston VIC. Based on comparable properties, its value is $575,000. Constructed in 1964, it has 3 bedrooms, 1 bathroom.
A Blue Ribbon Development Opportunity Attention all builders, developers & those seeking a project in a prime location. This sizeable property enjoys a substantial allotment of approximately 611sqm and provides a significant opportunity for future re development (subject to council approval). With concept drawings already completed for six spacious apartments, its prime for those with vision to capitalize on and bring that vision to life. Possible future uses include apartments, multiple units/townhouses or a mix of residential and commercial spaces (STCA). Currently occupying the site is a neat and tidy, three bedroom home in original condition with a double lock up garage, easy to lease out for a great return whilst awaiting plans & permits to be approved. Perfectly located only moments away from everything central Frankston has to offer including shopping center, the beach, local schools hospital & Frankton train station this outstanding opportunity is sure to impress.