Situated in a highly sought-after area of Frankston North, this property on approx. 626sqm, resembles something you see on television series like, ‘The Block’. If you are in the building trade or have interest in renovating or developing property then don’t look past this opportunity and mark the auction date in your calendar!
The dwelling is positioned right at the front of the block and needs a floor to ceiling renovation. The floor plan is ideal and offers three well sized bedrooms, bathroom with separate toilet, large kitchen and an open living room. Once transformed, the property could return a rental income between $330 to $340 per week.
As the property is positioned at the front of the block, there is potential for Dual Occupancy (subject to council approval). While you renovate the property, you can investigate the possibility of building a second dwelling in the back. The property does have side access that allows for direct access into the backyard without affecting the front dwelling. To assist with your research, the floor plan provides many of the measurements you need. Otherwise, you may like to consider the possibility of demolishing the property and building brand new properties.
You won’t find a better location! Within walking distance are bus stops, Belverdere and Bayside Shops, central to Karingal Hub, many Primary and Secondary schools, park reserves, aquatic and community centres and a golf club. Let’s not forget you are only minutes away from the beach and access to the freeway is quick and easy placing the city only 50 minutes away!
Selling at auction on the 20th May at 2pm. We look forward to meeting you at the open for inspections!