1-2/40 Heatherhill Road, Frankston VIC 3199

Looking for a magnificent dual income investment with over 5.5% gross return?
Or a project and having the rental income pay for the holding costs while awaiting for plans and permits, and then cashing in after development (STCA)?
Don't miss this golden opportunity!! It doesn't get any better than this!!
Highly sought after location, minutes away from Monash University, Frankston Hospital and in the Frankston High School Zone!
The main property consists of a spacious 3 bedrooms, central bathroom, kitchen (gas cooking), one living area and large fenced yard with lock up garage. Attached to the rear and under the roof line is a second residence consisting of one bedroom, one bath, kitchen and living, with huge carport and private garden.
This potential development site (STCA) currently boasts 2 tenancies returning $2346 P/M. All off this on a block of approx. 766sqm.
The market is open to those looking to live in one residence and having the rent from the other help with repayments, for development of trendy apartments in this hub that as can be seen by surrounding neighbours cashing in on, retiree's looking for easy access to medical facilities, transport and shopping centres; Invest now for tomorrow. Call us now to discuss terms!