16 Overton Rd

Frankston VIC 3199

1839 m²

House

Currently for sale - view listing

Overview

Significant Coastal Landholding with Mixed Use Potential

Positioned within one of Frankston's most prominent coastal corridors, Overton presents a rare opportunity to secure a substantial multi-title landholding with holding income and genuine mixed-use development potential (STCA), just 300 metres from the sands of Frankston's award-winning beach. The Offering 12 Overton Road, Frankston • 649sqm (approx.) 14 Overton Road, Frankston • 597sqm (approx.) 16 Overton Road, Frankston • 593sqm (approx.) Combined Offering • Total landholding: 1,839sqm (approx.) • Gross annual rental income: approx. $78,660 per annum Situated within Precinct 5, Sub-Precinct 5D of the Frankston Metropolitan Activity Centre, the site offers genuine mixed-use development potential (STCA), with neighbouring approvals and emerging developments throughout the precinct highlighting increasing council appetite and growing confidence in larger-scale architectural outcomes. Benefiting from a highly prominent northwest-facing position overlooking the Kananook Creek Trail, the land enjoys a rare sense of openness and outlook, creating the opportunity for future development to capitalise on uninterrupted natural light, bay vistas and a highly desirable coastal orientation, making it prime for a boutique luxury apartment development. As Frankston continues to attract increasing interstate attention, investment and development activity, Overton represents a strategic acquisition within one of Victoria's fastest-evolving coastal growth precincts.