302-308 Nepean Highway
Frankston, VIC 3199

Seize this rare opportunity to acquire a prominent development site on Nepean Highway, Frankston, positioned within one of Melbourne's fastest-evolving metropolitan activity centres. Occupying a substantial 2,137 square meter landholding, this strategically located property presents an exceptional opportunity for developers and investors to capitalise on the continued transformation of Frankston's city centre.

A planning application is currently before council for the development of eight luxury architect-designed townhouses, providing a valuable foundation for a premium residential project in a location experiencing significant public and private investment.

Key Highlights:

• Significant 2,137 square meter development site.
• Prime Nepean Highway frontage with outstanding exposure.
• Located within the Frankston Activity Centre Zone.
• Planning application currently lodged for 8 luxury designer townhouses.
• Strategic position within Frankston's designated growth and urban renewal precinct.
• Walking distance to Frankston CBD, transport, retail and lifestyle amenities.
• Strong underlying demand for quality residential accommodation.
• Exceptional future development potential, subject to council approval.

Positioned in the heart of the Frankston Activity Centre—an area undergoing substantial transformation and investment—the property enjoys close proximity to Frankston Central, Frankston Beach, public transport, education facilities, healthcare services, and a wide range of retail and dining amenities.

The Frankston Activity Centre Plan and recent planning scheme amendments provide a clear framework for future development, supporting higher-density residential projects that contribute to the area's liveability, housing supply, and economic growth. With council and state government focus directed towards increased housing delivery, built form outcomes, and urban revitalisation, the site is exceptionally well placed to benefit from Frankston's continued evolution as a major metropolitan centre.

This landmark development opportunity offers a substantial land parcel in a prime location, ideal for visionary developers seeking to create a premium residential community within a thriving urban precinct. The site’s frontage to Nepean Highway ensures excellent visibility and accessibility, enhancing its appeal for future residents and investors alike.

Frankston’s ongoing urban renewal and infrastructure investment underpin strong demand for quality housing, making this site a compelling proposition for those looking to participate in the area’s growth trajectory. The proposed townhouse development aligns with contemporary lifestyle preferences, offering architecturally designed homes that cater to discerning buyers seeking modern, convenient living close to amenities and transport.

Investors and developers are encouraged to explore the potential of this site, which benefits from a supportive planning environment and a strategic location within a designated growth corridor. The opportunity to deliver a high-quality residential project in Frankston’s Activity Centre represents a significant value proposition in Melbourne’s evolving property market.

Prospective purchasers should undertake their own due diligence to fully assess the site’s development potential and opportunities. This includes reviewing the current planning application and engaging with local council and planning authorities to understand all relevant considerations and requirements.

Overall, this property offers a rare chance to secure a large development site in a sought-after metropolitan location, with strong fundamentals for future growth and capital appreciation. Its combination of size, location, and planning prospects makes it a standout opportunity for those aiming to make a lasting impact in Frankston’s urban landscape.