A rare opportunity to secure a fully permitted development site with 3 individual street frontage units. Large and spacious, each unit has been well designed to maximize space and ensure fantastic appeal to every potential buyer. Build permit ready with all documents endorsed by council. The hard work, time and effort has already been done, with no guesswork to be done. All you need to do is build and reap the rewards. Existing house currently rented with secure tenant.
Offering developers and builders an excellent opportunity to acquire a ready to go site, in a highly sought after and booming location for young professionals and families, the area has excellent amenity and is underpinned by a strong residential market with high demand for townhouses.
Key features include:
* Town Planning Permit approved for three (3) Townhouses all street frontage
* All 4 Bedroom 3 bathroom dwellings
* Dual street frontage to Lutana and Watle Tree Lane
* Prime Frankston location with outstanding retail amenity. 700m (approx.) to Karingal Shopping Hub, 1.6KM to Frankston Homemaker Centre
* 1.2KM to Peninsula Private Hosptial, St John of God Rehabilitation Hospital 250M (approx.)
* Nearby parks and reserves including Bunarong Park 125m (approx.), Jubilee Park 750m (approx.) and Ballam Park Reserve 300m (approx.)
* Excellent public transport amenity with Leawarra Station 1.45KM (approx.) away, 789, 790, 791 Bus stop 250M (approx.)
* Residents have access to great primary schools in Ballam Park Primary & Pre-School 850M (approx.), Naranga School 950M (approx.) Frankston Heights Primary School 1KM (approx.), Kingsley Park Primary School 1.45KM (approx.) & Monash University 1.7KM (Approx.)
* Frankston residential market is sought after. Designated as a major activity zone by Victorian Government (2024)
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