Why we see opportunity in 48-50 McMahons Road & 7 Franklin Court, Frankston
15 Town houses or Aprtments STCA
Positioned at the very gateway to Frankston's revitalised lifestyle scene, this rare three-title landholding presents one of Melbourne's most significant development opportunities (STCA). 48 and 50 McMahons Road, and 7 Franklin Court, combine for approximately 2,919 sq. metres (approx.) of land in one line, with a combined frontage of ~55 metres to McMahons Road opening the door to a commercial application (STCA), while the scale of the overall site lends itself to a substantial residential or mixed-use development for a buyer looking to secure the whole parcel.
Frankston remains one of Australia's most energetic growth markets, and a gateway position like this at the true entry point to the greater city is an opportunity that won't come by as easily again.
Currently, 48 and 50 McMahons Road each house a 3-bedroom home, while 7 Franklin Court adds a classic 5-bedroom residence across its own 1,331 sqm (approx.) block. Together, the three titles offer current-day holding income with significant long-term upside, appealing to developers, investors and owner-occupiers alike while any plans take shape.
More to know:
• 48 McMahons Road: 3-bedroom home on 889 sq. metres (approx.), leased at $2,629 pcm
• 50 McMahons Road: 3-bedroom home on 699 sq. metres (approx.), leased at $2,086 pcm
• 7 Franklin Court: 5-bedroom home on 1,331 sq. metres (approx.), leased at $2,346 pcm
• Higher building allowances (STCA)
• Combined land size: approximately 2,919 sq. metres (approx.) across all three titles
• Combined frontage to McMahons Road (48 & 50): approximately 55 metres
• Potential commercial application (STCA)
So, can you picture it?
Disclaimer: Whilst every care has been taken to ensure the accuracy of the information provided, interested parties should rely on their own enquiries and due diligence. The agent and vendor accept no responsibility for any errors, omissions, or inaccuracies.
