Completed in 2020 and positioned just moments from Frankston Beach, this substantial three-storey residence offers an outstanding combination of modern living, generous accommodation and long-term versatility within one of Frankston's most rapidly evolving precincts.
Set within the Mixed Use Zone (MUZ), the property provides the rare opportunity to enjoy a spacious contemporary home with the added benefit of flexible retail, consulting, studio or work-from-home potential if desired.
Currently vacant and ready for immediate occupation or leasing, the property was most recently leased at:
• $795 per week
• Approx. $41,340 per annum
Whether you're seeking a spacious coastal residence, a flexible live/work environment or an investment with multiple future possibilities, this unique property offers an exceptional level of adaptability rarely found in today's market.
**Residential Accommodation**
Positioned across the upper two levels and accessed via its own dedicated stairwell, the residential component has been thoughtfully designed to maximise space, natural light and functionality.
Features include:
• North-facing orientation
• 4 spacious bedrooms
• 4.5 bathrooms
• Massive open plan living and dining area
• Private balcony
• Contemporary stone kitchen
• Stainless steel appliances
• Separate laundry
• Two main bedroom suites with ensuites and walk-in robes
• Built-in robes to additional bedrooms
• Stylish central bathroom
**Additional Ground Floor Flexibility**
The ground floor offers approximately 55.9sqm of highly versatile space which may suit a variety of uses depending on individual requirements and relevant approvals.
Features include:
• Private bathroom facilities
• Storage
• NBN connectivity
• Reverse cycle air conditioning
• Excellent street presence
• Independent accessibility
This flexible area may appeal to those seeking:
• A dedicated home office
• Consulting or allied health space
• Boutique business premises
• Studio or creative workspace
• Additional living or utility space
• Hybrid live/work arrangements
Rarely does a property provide the opportunity to combine genuine family-sized accommodation with such a versatile and adaptable ground floor component.
**Further Appointments**
• Low maintenance laminate wood-style flooring
• Split system air conditioning throughout all levels
• Instant hot water
• Generous storage
• Double garage with an in-built car-stacker to increase vehicle accommodation or provide additional storage
**Location Highlights**
Exceptionally positioned within walking distance to:
• Frankston Beach
• Kananook Station
• Frankston Station
• Bayside Shopping Centre
• Frankston CBD
• Cafes and restaurants
Close to:
• Kananook Primary School
• Monterey Secondary College
• John Paul College
• National Golf Club
• Frankston Freeway access
**Investment & Future Flexibility**
Frankston continues to benefit from substantial public and private investment, including:
• Frankston Metropolitan Activity Centre expansion
• Healthcare and hospital precinct growth
• Infrastructure and transport upgrades
• Increasing residential densification
• Ongoing commercial development
• Strong population growth
These factors continue to support:
• Long-term capital growth potential
• Strong residential occupancy demand
• Growing demand for adaptable property
• Ongoing appeal to both owner occupiers and investors
The property's Mixed Use Zone (MUZ) designation further enhances its long-term flexibility, allowing owners to adapt the property to changing lifestyle, business or investment requirements over time.
Key advantages include:
• Multiple potential uses
• Broad owner occupier appeal
• Flexible leasing opportunities
• Ability to adapt to future market conditions
• Long-term versatility rarely found in traditional residential property
This is a unique opportunity to secure a substantial near-new coastal residence offering exceptional accommodation, modern comfort, lifestyle convenience and future flexibility within one of Frankston's most exciting growth precincts.
Please ensure any specific requirements, intended uses or planning considerations are discussed with your preferred professional advisers and relevant authorities.
Images are edited by AI including virtual staging and may not perfectly accurately represent the property. Purchasers should rely on their own physical inspection.
