This rare corner block in a sort after location, is an easy 600m walk to the pristine waters of Long Island Beach. You will no doubt enjoy the privilege of this wonderful address, and with RGZ1 zoning (residential growth zone 1 ), the versatile options are endless.
Situated on a corner block underpinned by 575sqm (approx.) that is only one of few that have not been developed, this versatile property adds to the immeasurable appeal of this much-loved location. Having recently been used as a business for a number of years, the property consists of 4 bedrooms + 4 multi-purpose rooms, a lounge room that was used as a Boardroom, a kitchenette with upright stove, a bathroom with toilet and shower. Outside, is neat and tidy, has an undercover entertaining area, and with the benefit of car parking at rear to fit plenty of cars.
Either revive as an office, land bank and rent out long term, rent out as student accommodation or even subdivide like your fellow neighbours have and really make the most of its seaside position (STCA) - with endorsed plans (expire in 2027) for 2 spacious x 3 storey townhouses.
Positioned so close to the waters of Port Phillip Bay and only a short walk from Frankston's abundant offerings from restaurants, bars and cosy cafes to cinemas, shops and public transport, with Chisholm TAFE, freeways and tollway access within a few minutes reach- this is an opportunity to hard to pass up!
