A highly versatile mixed-use opportunity just moments from the beach, this substantial three-storey property delivers an exceptional combination of lifestyle flexibility, commercial functionality and long-term investment appeal within one of Frankston's most rapidly evolving precincts.
Completed in 2020 and positioned within the flexible Mixed Use Zone (MUZ), this near-new property presents a unique opportunity to secure a high-quality asset suited to residential, commercial, consulting, retail or hybrid live/work applications.
Currently vacant and ready for immediate occupation or leasing, the property was most recently leased at an impressive:
• $795 per week
• Approx. $41,340 per annum
This highlights the strong demand for quality mixed-use accommodation within this tightly held coastal location.
Rarely does a property offer the ability to:
• Operate a business from home
• Secure genuine family-sized accommodation
• Generate multiple potential income streams
• Adapt to changing market conditions over time
Ideal for:
• Investors
• Owner occupiers
• Consultants or allied health operators
• Boutique office users
• Studio or creative businesses
• Hybrid residential/commercial occupiers
• Multi-generational living
• Short stay or executive accommodation concepts (STCA)
Ground Floor Commercial Space:
Approx. 55.9sqm of flexible commercial or additional living space featuring:
• Private bathroom facilities
• Storage
• NBN connectivity
• Reverse cycle air conditioning
• Excellent street presence
• Independent accessibility
Split Residential or Commercial space above positioned over two upper levels with its own dedicated stairwell.
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
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 car accomodation 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 & Growth Considerations:
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
• Growing demand for mixed-use property
• Strong residential and commercial occupancy demand
Mixed Use Zone (MUZ) properties are increasingly sought after due to their flexibility and long-term adaptability.
Key advantages include:
• Multiple potential uses
• Broader tenant appeal
• Reduced reliance on one tenant type
• Stronger long-term leasing flexibility
• Ability to adapt to future market conditions
This is a unique opportunity to acquire a substantial coastal asset offering versatility, functionality, income potential and long-term strategic appeal.
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 accurately represent the property. Purchasers should rely on their own physical inspection and request additional photos if required. Images are for illustrative purposes only.
