3 & 5 Mereweather Avenue, Frankston VIC 3199

*** UNDER CONTRACT***
Approximately 2162m2 of prime Real Estate, positioned within the highly sought after 'Ebdale Precinct'.
5 x spacious 2 bedroom units/apartments are positioned towards the east boundary allowing them to be retained then re-development of the balance of the site (STCA). Alternatively push everything over and start again.
Massive potential and unlimited possibilities make this site a very clever acquisition for any savvy investor, property developer or builder.
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5 x two BR units (located on 7 Mereweather)
2 x houses (located on 3 & 5 Mereweather)
Commercial 1 Zone (Business 5)
Sought after 'Ebdale Precinct'
High density development encouraged
350m from Port Phillip Bay (Approx.)

Easy walking distance to Frankston CBD
Total current rental income is in excess of $78,000 P/A (with potential in increase)