Sold

Development Opportunity on 666m2 approx.

Block Of Units Sold - Frankston VIC

Please note, unfortunately due to the latest Stage 4 Covid-19 restrictions, private buyer appointments are unable to take place at this time. Please make contact to arrange a future inspection.

Positioned on the beach side of Nepean Highway Frankston, sits this golden opportunity to knock down the existing property and start your next project.
Positioned in a prime location – backing onto Kananook Creek, seconds to the beach, walking distance to Frankston Train Station and other public transport, shops, restaurants, Bayside Shopping Centre, Cinemas, the list goes on…
This blank canvas provides endless opportunities and options – demolish the existing home and start fresh to create units, town houses, your new dream home or land bank for the future (S.T.C.A).
The existing property consists of 3 tenanted apartments and is currently receiving a rental return of $2890 pcm, meaning you can still draw an income while designing your next project.

This site is perfect for all walks of life, let your dreams and ideas run wild.

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Units 1, 2 & 3/386 Nepean Highway, Frankston VIC 3199

$670,000 - $720,000
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