16 Denbigh Street, Frankston South, Vic 3199

This Frankston South property presents a rare opportunity for the astute investor with plans and permits approved to build three luxurious townhouses.
Set on a huge block that measures about 1070 square metres, there is currently a two bedroom home on the property.
The white weatherboard home boasts original features with entry to the lounge and dining room with a gas heater with stone surround, ornate cornices and wall to wall carpets.
The original kitchen has gas hot plates and an oven with a distinct 50's retro feel complemented by picture railing, sash windows and vinyl bench tops.
The two bedrooms are both generously proportioned, one at the front of the house off the entrance and the other at the back near a sunroom.
That circa 1950's influence continues in the main bathroom with a bath and pedestal hand basin and sash windows either side.
The property of over quarter of an acre consists of a good, flat block that is rare to find in this location.
Sloping gently down to the backyard, it has a single lock-up garage that is free-standing and established gardens and lawns.
The block is ripe for redevelopment, and situated in a central location in the highly sought after Frankston High School zone, close to Frankston CBD, the beach and major arterials.
Approved plans and permits to build three luxurious townhouses will be passed on with the sale of the house.
The townhouses all include three bedrooms and two bathrooms.
For those astute investors to add to their portfolio, or redevelopers looking for a property where plans and permits are already approved, properties like this are hard to find.
This one ticks all the boxes, in a top location with astounding investment potential.