14 Mereweather Avenue
Frankston, VIC 3199

Overview

PLANS AND PERMITS APPROVED FOR 6 TOWNHOUSES ON 805M2

Positioned in one of Frankston's most strategically located pockets, this exceptional 805 square meter development opportunity offers a unique blend of immediate rental income, future development potential, and a premium location within the highly sought-after Residential Growth Zone Schedule 1 (RGZ1).

The property comes complete with approved plans and permits for six architecturally designed, triple-storey contemporary townhouses. This presents a rare opportunity for developers and investors to expedite their next project in a location that continues to experience strong demand and significant growth.

The existing residence is a neat and tidy home featuring two bedrooms and one bathroom, providing comfortable accommodation or potential rental income while future development plans are considered. Whether you choose to proceed with the approved development, hold the land for future use, or explore alternative high-density opportunities subject to council approval, the flexibility and potential of this property are outstanding.

Located just moments from Frankston's vibrant activity centre, the property enjoys close proximity to major amenities including Bayside Shopping Centre, Frankston Beach, Frankston Train Station, Monash University, Chisholm TAFE, Frankston Hospital, and Peninsula Private Hospital. Easy access to Nepean Highway, Peninsula Link, and major arterial roads further enhances the appeal for future occupants and investors alike.

As Frankston continues to evolve as a major lifestyle and infrastructure hub on the Mornington Peninsula, developments of this calibre in such a prime location are becoming increasingly difficult to secure. The RGZ1 zoning provides ultimate flexibility and encourages higher-density residential outcomes, making this an exciting proposition for builders, developers, and savvy investors looking to capitalize on future growth.

This premium development opportunity, with approved plans, substantial landholding, and an unbeatable lifestyle location, positions 14 Mereweather Avenue as a project ready to make a significant impact.

Please note that the information provided is for general guidance only and does not constitute any representation by the vendor or agent. While every effort has been made to ensure accuracy, no warranty is given, and interested parties must rely on their own enquiries. All measurements, descriptions, photos, floor plans, and site plans are approximate and for representational purposes only. The property may be withdrawn or its details changed at any time without notice. Prospective purchasers are advised to conduct their own due diligence and refer to the Consumer Affairs Victoria Due Diligence Checklist prior to making any purchase decision.

For more information on due diligence, please visit https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence.

Location