Double the Block Double the Potential
Set in Seafords Golden Mile; only once in a blue moon does an opportunity like this come along to purchase two adjoined titles in one sale, comprising a combined total of 1537sqm (approx) of prime beachside land just 500 metres to the foreshore, 650 metres to Kananook Station and bus stop on the corner....
Double the Block Double the Potential
Set in Seafords Golden Mile; only once in a blue moon does an opportunity like this come along to purchase two adjoined titles in one sale, comprising a combined total of 1537sqm (approx) of prime beachside land just 500 metres to the foreshore, 650 metres to Kananook Station and bus stop on the corner. Primary school, Woolworths shopping centre, Eastlink, Peninsula Link and Nepean Highway all in close proximity.
A developers jackpot, the generous, levelled blocks are 774sqm (approx) and 763sqm (approx), respectively, totalling over a third of an acre, providing enough land for 5 or 6 units (STCA), promising a very handsome return for a business-savvy builder looking to increase their bottomline.
Located in increasingly sought-after Seaford, on a quiet residential street just 2.5 kilometres to Frankston CBD, the 2 existing homes are classic 1940s-era beach houses, both with 3 bedrooms. The residence at No. 131 has a covered patio, lock-up garage, greenhouse and shed/workshop, and is currently rented to long-term tenants for $240 a week on a monthly basis.
The house at No.133, which has an open-plan design incorporating 2 living areas, 1 bathroom, 2 toilets, patio with pergola and bungalow out back in the secure fully-fenced yard, would make a highly rentable investment property, either long-term as you sit on this prime-position nest egg, or short-term while awaiting council building permits to renovate or demolish.
A golden opportunity that so rarely presents itself, these ideally-situated twin titles are a developers dream, set to make someone a mint.
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1536 m²
