Address Withheld, Frankston, VIC 3199

28 LEE STREET FRANKSTON

Delivering enviable appeal for astute developers keen to commence their next project. Situated in one of the most desirable and peaceful pockets of Frankston, sitting on a huge block measuring 1166sqm approx. comes complete with approved plans and permits for four double-storey townhouses. Outlined in the approved plans, the townhouses each offer a three-bedroom, three-bathroom configuration, with an open plan living, dining and kitchen domain, courtyard, 4th toilet, laundry facilities plus garaging for two cars per unit.

In the interim, you can choose to lease out the existing 4 bedroom, 2 bathroom home to maximise your investment potential while you prepare to kickstart construction. This strategic move allows you to optimise your returns as you move forward with your development plans. Perfectly positioned in the heart of Frankston surrounded by parks, reserves and local amenities, such as Jubilee Park, Lipton Reserve Lee Reserve, it is a quick access to M3 Frankston Freeway and Cranbourne Road. Having the Frankston Heights Primary School and Monash University Peninsula Campus moments away, every box is ticked with Frankston Hospital and Leawarra Train Station around the corner. Shoppers can enjoy local shops as well as the Frankston Power Centre, Karingal Hub, Bayside Centre. This is an extraordinary chance for savvy developers and long-term investors, as such opportunities are indeed a rarity.

Terms: 5/10% deposit, balance 30/60 days