Ideal Investment opportunity with excellent potential of subdivision over 711m2 of premium land. Investors and home buyers alike will score this opportunity a 10 out of 10 on potential....Positioned in an excellent location of Frankston with existing plans of 3xUnit Development already lodged in at council ! So close to Beach, Main Shopping Centre, Local Schools, and within 1 minutes walk of public transport plus all that Frankston central has to offer....including short strolling distance to cinemas. The development options are endless, including multiple residential units, medical rooms, veterinary clinic, commercial business, etc... (all STCA) or a peaceful residential home filled with character and charm. The property currently has the original solid 4 bedroom house, offering polished floor boards throughout, a large timber kitchen with gas appliances, four bedrooms with built in robes, separate lounge and dining areas with ducted gas floor heating, 2 bathroom areas, and lockup garage and storage. The huge backyard area in the rear comprises of lovely established fruit trees, a garden shed and a bonus rear laneway for property access. This property is suitable for both investors and owner occupiers as it has many options to develop, renovate or build new units next door on this block of land situated in a key position. The property is currently leased at more than $20K PA until October 2017. Don't scroll past this property! With so much to offer, A great addition for any professional investors portfolio ! * Some photos were taken prior to tenancy..