34 Kenilworth Avenue, Frankston, VIC 3199

Address: 34 Kenilworth Ave, Frankston

Price: $415,000

Type: JV Development ? Subdivide & Build 2 Townhouses

A unique opportunity awaits at 34 Kenilworth Ave, Frankston, where potential meets collaboration. Set on a generous 1050 sqm block, the long-standing homeowner (over 40 years) is offering to sell her backyard for development while retaining her original home.

The Plan:

The owner will retain the existing house at the front of the block.

Development potential exists for 2 new townhouses on the rear portion, subject to council approval (strong sketch assessment available).

The purchaser will be responsible for all necessary costs regarding planning applications, approvals, and subdivision.

Ideal Buyer:

We?re seeking a builder or developer with joint venture experience to manage the process from planning approvals to subdivision. The vendor is firm on the price but flexible on settlement terms, allowing options such as:

Completing the project through to build and title registration before settlement.

Gaining council approval and proceeding with a subdivision via a 173 agreement for bonding works.

Why This Opportunity?

This is the perfect opportunity for a seasoned developer or builder to unlock the site's potential and create two new townhouses, all while the current homeowner continues to reside in her house. The vendor is motivated to partner with someone who can take on the necessary processes, while benefiting from a modest buy-in price and clear development potential.