3 Holmes Street, Frankston, Vic 3199

Presenting an outstanding residential development opportunity located within metres of Monash University Frankston. Very rarely does a convenient parcel of land this size (725m2) become available with Council approved plans and permits to build 3 stunning townhouses. Easily walk to train/bus transport, local shops/schools, Frankston Hospital, the Frankston CBD and the highly sought after Frankston High School Zone. The existing home is currently leased for $1086 per calendar month. The dwelling includes a wide hallway entrance, three bedrooms, combined kitchen/dining, lounge room, 2-way central bathroom/toilet/laundry, storage shed, double carport, double lock-up garage and well-established garden. Options for future potential are endless, choose to take full advantage of the strong student accommodation demand, purchase as an investment property, live-in and retain the original home or build the approved dwellings. This is truly a red hot deal in an unbeatable location!