A unit on a parcel in 3/PS404483 Frankston VIC. It has an estimated value of $630,000. Constructed in 1970, featuring 2 bedrooms, 1 bathroom.
LARGE HIGH DENSITY DEVELOPMENT SITE (STCA) *** UNDER CONTRACT***Approximately 2162m2 of prime Real Estate, positioned within the highly sought after 'Ebdale Precinct'.5 x spacious 2 bedroom units/apartments are positioned towards the east boundary allowing them to be retained then re-development of the balance of the site (STCA). Alternatively push everything over and start again.Massive potential and unlimited possibilities make this site a very clever acquisition for any savvy investor, property developer or builder.-5 x two BR units (located on 7 Mereweather)-2 x houses (located on 3 & 5 Mereweather)-Commercial 1 Zone (Business 5)-Sought after 'Ebdale Precinct'-High density development encouraged-350m from Port Phillip Bay (Approx.)-Easy walking distance to Frankston CBDTotal current rental income is in excess of $78,000 P/A (with potential in increase)