Auction 2nd May @ 11:30am (unless sold prior)
Deposit: 10%
Settlement: 30/45/60 days
Land size: 1455m2 (approx)
Zoning: HCTZ2
Lease terms: 11a (leased 21/10/26 @ $1977 PCM)
11b (Leased month to month @ $1651 PCM)
Unlock the full potential of this massive 1,455 m² (approx.) combined allotment, now officially positioned within the elite Housing Choice and Transport Zone (HCTZ2). This re-zoning represents a generational shift for Frankston, specifically designed to fast-track high-density residential projects and diverse housing solutions (STCA).
Boasting a commanding 30m frontage, this site qualifies for the "Large Site" height bonuses under the HCTZ schedule, offering developers an unparalleled vertical advantage in one of Victoria's fastest-growing activity centers.
The Development Edge:
HCTZ2 Advantage: Zoned for increased density and height (STCA), favoring apartment complexes, rooming houses, or multi-storey residential projects.
Massive Footprint: A rare 1,455 m² flat, clear block ready for a landmark transformation.
Prime Connectivity: Moments from Frankston Hospital, Chisholm Institute, Frankston Train Station, and the pristine Frankston Beach.
Immediate Income: Two existing weatherboard residences (2BR and 1BR) provide reliable rental returns while you finalize your landmark plans.
Capitalize on the government's push for increased density and the site's grand proportions. This is not just a subdivision; it is a strategic acquisition in the heart of Frankston's future.
Disclaimer: In preparing this information, Barry Plant Frankston has relied in good faith upon information provided by others and has made all reasonable efforts to ensure that the information is correct. The accuracy of the information provided to you (whether written or verbal) cannot be guaranteed. If you are considering this property, you must make all enquiries necessary to satisfy yourself that all information is accurate. Please note that inspection times are subject to change without notice, we suggest you check the online marketing/listing on the day.
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