3 & 5 Mereweather Avenue, Frankston, Vic 3199

*** 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.

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5 x two BR units (located on 7 Mereweather)
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2 x houses (located on 3 & 5 Mereweather)
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Commercial 1 Zone (Business 5)
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Sought after 'Ebdale Precinct'
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High density development encouraged
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350m from Port Phillip Bay (Approx.)

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Easy walking distance to Frankston CBD

Total current rental income is in excess of $78,000 P/A (with potential in increase)