165 Beach StreetFrankston

A lucrative opportunity that will have developers lining up, this 891sqm (approx) property is a money spinner for a lucky bidder just a stones throw from Frankston CBD, TAFE, Monash and the beach. With rental demand on a high, do your maths and reap the rewards here with potential to build 2-3 townhouses (STCA) or alter the existing 3 bedroom residence and create access to add a 2nd home at the rear (STCA). Set behind a hedged fence, the home has undergone a light face-lift ready to rent out for an income while your plans go through council, featuring new carpet, a spacious kitchen and dining area with gas stove and light-filled all white bathroom. The first bedroom has large built-in robes, the second has a sliding door to a private fernery and the third has robes and a drinks bar to use as a rumpus room, while the enormous back yard has an alfresco terrace and storage shed. Also with potential to develop as consulting suites (STCA), the home includes gas heating and 2 x air conditioners.