8 Queen Street, Frankston VIC 3199

Auction Location: On Site

Discover an exceptional opportunity in one of the hottest real estate markets in the country. This property is situated on a generous 627sqm (approx) corner block, which is zoned for the highly sought-after Frankston High School. The property also falls within the newly approved Frankston Metropolitan Activity Centre catchment area, which is already stimulating significant growth in this brilliant location, nestled between cosmopolitan Melbourne and the beautiful Mornington Peninsula.

The property boasts a total of three bedrooms and two bathrooms. It is cleverly leased in two parts—the front portion as two-bedrooms and one bathroom and the back as one-bedroom with its own bathroom, designed to maximize rental return. The potential rental return at around $850 per week. Additionally, there is a convenient workshop area with a toilet located under the house, providing extra utility space.

Moreover, the property comes with a current planning permit for three architect-designed townhouses featuring three-bedrooms, two-bathrooms and two-car spaces each. These are ready to go, offering plenty of time left to commence works. This arrangement allows you to benefit from the existing dual rental income while planning your development, or you can simply enjoy the ongoing returns and capital growth potential this property offers.

This is an ideal investment for developers, investors, or owner-occupiers, given its prime location. It is centrally located near key amenities such as the Peninsula Aquatic Centre, Frankston's beautiful beach, Monash University, and the newly expanded Frankston Hospital. Located steps from Frankston Station, you will be in the CBD in no time. And with convenient access to Eastlink and Peninsula Link, you will be moving around the city and State with ease.

Secure your stake in Frankston's booming market and unlock the incredible potential that awaits on Queen Street!