5 Lorraine Street, Frankston VIC 3199

Reap the rewards and start immediate construction with plans and permits already approved for three double storey townhouses upon this nearly 700sqm allotment.

These approved plans have been designed to offer desirable open plan living on the ground floor and a versatile floor plan upstairs which currently provides for a separate rumpus/second living area.

Each residence features two robed bedrooms (Unit 2 with WIR) and two bathrooms (one ensuite) accompanied by two separate living areas including an open plan living, dining and kitchen domain on the lower level that extends onto an entertainment deck and yard. This downstairs area is further enhanced by a powder room, laundry and a single garage providing direct and secure access to the private rear courtyard.
Located just less than 1.5km to the Frankston CBD, train station and waterfront, with the convenience of public transport literally at the end of the street, and an array of local schools, Frankston Hospital and Monash University all just moments away, you simply won't find a better location to realise your development dreams.

Whilst laying the groundwork for this development, you will enjoy ongoing cash flow with the existing weatherboard home currently tenanted (on a month-to-month basis) at $295 per week.

Unit 1 - 13.1 squares of living plus a single lock up garage (2.6sq)
Unit 2 - 11.9 squares of living plus a single lock up garage (2.6sq)
Unit 3 - 12.7 squares of living plus a single lock up garage (2.6sq)

Call for further information or to arrange an inspection.