318 Nepean Highway, Frankston VIC 3199

A unique opportunity has hit the market within Frankston’s best kept secret.

Proudly perched on Kananook creek, this home presents stunning outlooks and a premier location. Just a few steps from Long Island, Allawah Avenue, leads you directly to Frankston’s stunning shoreline, and the property is also just a short walk to vibrant cafes, Frankston train station, and bustling shopping arcades.

With its own private jetty, nestled within a sanctuary of green vistas and complete serenity lies three eccentric, self-contained spaces - all in a world of their own.

Take a journey through the centuries, starting with the original art deco home, through to an 80s vintage classic.

Self-contained area 1
A beautifully light-filled home with soaring-high ceilings, characterised by its impressive art deco architecture - from the cornices, ornate mouldings to the ceiling rosettes and chandeliers.
This three-bedroom home features original timber work, picture rails significant to the 30s and 40s and impressive curved walls and windows.
The large, light-drenched kitchen offers creek views over the well-established gardens at the rear.
Two main entrances allow for the perfect working-from-home environment, with a professional entry completely closed off from the central part of the home.
Feel safe and secure with wrought-iron security gates around the front and an elevated position from the rear.

Self-contained area 2
Venturing through a side gate and down a path of stunning greenery, find the second self-contained space. A cosy one-bedroom, one-bathroom abode, complete with a kitchenette, ample storage and a veranda frontage with a lockable shed.
With sealed staircase access, there could be extension potential to the first home, alternatively the perfect space for adult kids or even a source of income.

Self-contained area 3
Continuing down the paved footpath find an original 80s style, two-bedroom bungalow featuring an open-plan living, kitchen and dining, a home-office and a funky fitted-out bathroom with an original clawfoot bathtub.
This quirky pad features vintage timber cladding, exposed brick and a wall-mounted dining table.
Here lies a rare opportunity to secure a fine piece of real estate for a fraction of what they sell for on the other side of the creek.

This diverse property holds endless potentials for the astute buyer. Families with adult kids looking to move into the bungalow, elderly parents making use of the space as a granny flat or leasing and monetising over the second and third spaces.

Location, flexible investment, work-from-home, rebuild/restore, history – there are endless possibilities, and so much to be excited about!