2 Houses & 5 Units / Mixed Use Development Site

Block Of Units - Frankston VIC

OPEN TO INSPECT: arranged by private appointment. Strict Covid directive; max 10 people (1 per 4sqm), QR code, masks, all mandatory also hand sanitiser.

Please contact the Agent to register your interest prior to your inspection.

2,162m2* of prime Real Estate, positioned within the Nepean Highway Boulevard Precinct with Mixed Use Zoning, DD05, sub-precinct E, with a preferred maximum building height of 26 metres. An incredible opportunity to secure a significant development site, only 350 metres* from Port Phillip Bay and an easy stroll into the Frankston CBD.

This site offers massive potential, a multitude of options and unlimited possibilities (subject to council approval), whether your preference is to build a high density residential complex, mixed use / commercial development such as child care, medical, nursing, or simply buy and hold – this makes a very clever acquisition that should not be overlooked.

The 7 residential dwellings are currently tenanted. With 2 houses located on 3 & 5 Mereweather, whilst at 7 Mereweather sits 5 x spacious 2 bedroom units/apartments, positioned towards the east boundary allowing them to be retained while re-developing the balance of the site (STCA). Alternatively, refurbish and/or extend the current apartments or push everything over and simply start again.

A prime position just moments from Frankston CBD, public transport, education and recreation facilities plus so much more! Mereweather Avenue is surrounded by scenic parks, reserves and pristine beaches. Within Frankston City this includes the Frankston Waterfront, Kananook Creek, Beauty Park, Monash University, Chisholm, Frankston Hospital, Bayside Shopping Centre, the Frankston Transit Interchange. Frankston is located 40 km south-east of Melbourne CBD, north of the Mornington Peninsula. Due to its geographic location, it is often referred to as “the gateway to the Mornington Peninsula”.

For further information and to receive a copy of the IM, please submit an email enquiry or contact Callum MacPherson on 0424 404 497.

*denotes approximate measurements

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3, 5 and Units 1-5/7 Mereweather Avenue, Frankston VIC 3199

$3,500,000 - $3,650,000
1576 2,162m2
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