If you've been waiting for a serious development opportunity in a blue-chip Frankston position, this is it.
Set on a large, flat 786sqm (approx) corner block in central Frankston, this property offers multiple high-yield and redevelopment pathways (STCA).
There are plans prepared for an 8-bedroom rooming accommodation project with potential returns of up to approximately $160,000 per annum - an outstanding cash flow opportunity in a high-demand rental location.
Alternatively, the corner position opens the door to a potential 3 luxury townhouse development, each individually titled (STCA), ideal for developers looking to capitalise on strong buyer demand for quality homes close to the CBD and coastline.The location is a major drawcard - walking distance to Frankston CBD, Frankston railway station and the beach, ensuring strong resale and rental appeal.
Large, flat, corner allotments of this size and positioning are increasingly rare. Whether you're looking to develop, landbank or create a strong returning investment, 12 Cricklewood Avenue delivers flexibility, scale and prime positioning.
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.
