Large land block investment plot with existing property, just 10 minutes’ drive from Seaford Beach. This generous-sized rectangular land block occupies an impressive approx. 920 m2, offering the opportunity to construct a multiple townhouse development (STCA).
The existing brick-built home boasts a spacious living area, two bedrooms, a kitchen and a bathroom, all in good livable condition. Currently rented for $1,021 per calendar month, it offers the possibility of a continued return on your investment or a low-cost bolt-hole for you and yours while planning your property development project.
It’s all about location when it comes to property investment, and your new development site could not be better situated. Frankston is just 10 minutes away and with Rowellyn Park Primary School and Patterson River Secondary College on your doorstep, this is a sought-after area for those with children. There is no shortage of transport links, with the Eastlink and Mornington Peninsula Freeways offering fast access to the CBD and other areas of the city, making this a popular choice for investors, developers and families alike.