1 & 2/81 Frankston Flinders Road, Frankston VIC 3199

*** OPEN INSPECTIONS CANCELLED ***

This is a unique opportunity to buy a corner block of approx. 1027m2 in Frankston High School zone with 2 street entrances, 2 properties and one title. Just a very short walk to Monash university and Frankston hospital this high profile location boasts the corner of Frankston Flinders Road & Heatherhill Road. It offers you many options, to keep, build, occupy or rent. Earn a fantastic rental income whilst you seek plans to redevelop offering a multitude of options (S.T.C.A.) With approved plans & permits for a 2 lot sub-division (lapsed). The estimated yield is approximately $36,500 P.A. This is based on a comparison of these homes & recent leasings of similar homes in the immediate area.

UNIT 1
Single storey weatherboard home
Spacious entrance hallway with slate tiled floor
King size master bedroom with Built in robes
Bedroom 2 & 3 both with polished wooden floors and BIRs
Open plan lounge, dining and kitchen area
Kitchen includes gas stove
Living area includes open fireplace and sliding doors to the garden
Shower and toilet
Separate laundry
Gas ducted heating
Lawned gardens to the front with established trees and shrubs
Double remote garage
Additional parking for 2
UNIT 2
Single storey weatherboard
Open plan living, dining and kitchen area
Living area has gas fire place and split system A/C
Kitchen with gas stove and range hood
Both bedrooms are large with BIRs
Separate laundry with outdoor access
Shower room
Separate toilet
Great location at the end of a slip lane
Car port
Driveway parking for 4
Lawned garden with established trees and shrubs
Long term tenant happy to stay on