21 Frank Street, Frankston, Vic 3199

Boasting an enormous land size of 994m2 (approx.) with approved plans and permits to construct 4 x generously sized townhouses, this property is perfectly suited to any builder / developer wanting to get started with a quick turnaround, or ideally suited to an astute investor with intentions to buy, hold and enjoy future capital growth in this booming location!
The existing three bedroom house is currently tenanted to long term tenant (currently on a periodic lease).

The existing approved plans allow for 4 x generously sized townhouses, all double storey with 2/3
bedrooms, open living, 2 bathrooms and lock up garage. Positioned within and easy walking distance to many local schools, parks, local shops, public transport and with easy access to Frankston Freeway, East Link and Peninsula Link.

A flat 994m2 (approx.) slice of prime real estate positioned within an ultra-convenient pocket of Frankston East - properties like these are rarely offered and becoming increasingly hard to find and certainly will not last long on the market. A truly fantastic opportunity for any savvy investor or developer without the hassle of 'subject to council approval' or 'STCA'. The following has been completed and is available: Endorsed plans and permits, working drawings, drainage plans, Geotech soil test, 3D artist impressions of the finished townhouses. All trees have also be removed from the site making it ready to commence build.

Whether your strategy is to BUY and HOLD or immediately RE-DEVELOP make sure this property is added to you shortlist today!