Sold November 2016

2 Harrow Street Frankston 3199 VIC

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This property is Sold

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4 1 1
Sold for $728,000

AUCTION THIS SATURDAY 12TH AT 1.30PM!

What an opportunity, what a rare offering.... in the heart of one of Frankston's most desirable locations with the Frankston Hospital , Monash University and Frankston High (in zone) just a short walk away, this is incredible value and the potential profit is incredible !

Plans to develop this large corner block have been approved by council, and the planning permit includes three (3) generously proportioned double storey townhouses that maximise street frontage and north facing back yards. All have 3 bedrooms each, two bathrooms, large living zones and a single garage plus off street parking for a second car. Each townhouse has been thoughtfully designed to appeal to both owner occupiers and investors, with estimated rental returns of 3 x $460 per week.

Dwelling 1
Ground floor
110.3m2
(11.9sq)
First floor
56.5m2
(6.1sq)
Total
166.8m2 (18.0sq)

Garage
22.3m2
(2.4sq)
Porch
7.2m2
Deck
19.2m2

Dwelling 2
Ground floor
85.2m2
(9.2sq)
First floor
77.5m2
(8.3sq)
Total
162.77m2 (17.5sq)

Garage
27.2m2
(2.9sq)
Porch
4.5m2
Deck
14.5m2

Dwelling 3
Ground floor
70.5m2
(7.6sq)
First floor
72.0m2
(7.8sq)
Total
142.5m2
(15.3sq)

Garage
27.1m2
(2.9sq)
Porch
4.5m2
Deck
17.0m2

Total Site Area : 747.8m2
Site Coverage : 358.8m2 (48.0%)
Paved Areas : 75.0m2
Site Permeability : 314.0m2 (42.0%)

With lots of major projects now completed in Frankston and more underway, now is the time to invest in a piece of this future BlueChip Bayside locale, situated at the gateway to the Mornington Peninsula. This corner site is the ideal location for families just minutes from the beach, soon to be upgraded public transport and in the much sought after Frankston High School Zone.
Investors and developers can reap the rewards now or rent out and enjoy the unlimited future growth making use of the existing dwelling which is in good condition and was leased out for $330 per week prior to the sales campaign.


http://www.frankston.vic.gov.au/Planning_and_Building/Major_Projects

Check out the Frankston High School zone here,
http://www.fhs.vic.edu.au/downloads/zone-map.pdf?phpMyAdmin=70yNSCNAKisGvv5fWr-A0EW3wGd

EXPAND…

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