Unlock the potential of 32 Lardner Road, Frankston. This is a rare opportunity where immediate rental yield meets blue-chip development prospects in one of the Peninsula's most sought-after pockets.
Currently a 2-bedroom, 1-bathroom home, the property is a reliable earner, tenanted at $380 per week until January 2027 with a long existing tenant. This provides a guaranteed, steady income stream while you finalize your vision for the site.
Positioned in the prestigious Frankston High School Zone, the location is a dream for families and investors alike. It is a genuine "walk-to-everything" address:
• Education & Health: Seconds from Monash University and Frankston Hospital.
• Commuting: A short stroll to Leawarra Train Station and bus stops.
• Convenience: Moments from local shops and essential amenities.
For the savvy developer, the groundwork has already been explored. The property features previously approved plans and permits for two side-by-side townhouses, significantly de-risking your future project (STCA).
Whether you're looking to land-bank in a high-growth zone or kickstart a lucrative development, 32 Lardner Road delivers the perfect trifecta of position, permit potential, and price. Don't miss out on this Frankston gem!
Should you require any further information, please do not hesitate to contact Terry Wheeler on 0417 397 806 anytime.
Please note Photo ID is required for all inspections.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
