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Major Residential Development Opportunity - Frankston
A rare opportunity to acquire a substantial double-block landholding in a well-established and evolving Frankston residential pocket.
28-30 Cricklewood Avenue comprises two adjoining allotments with a combined land area of 1,925 m², offered together as a single development opportunity. The flat, rectangular site with consolidated frontage supports efficient access, circulation and built-form outcomes.
The property benefits from approved plans and permits for a townhouse development, providing immediate development certainty. In addition, recent rezoning to Housing Choice and Transport Zone - Schedule 2 (HCTZ2) introduces further upside, with planning controls supporting increased residential density and flexible built-form outcomes (STCA).
Surrounded by established medium-density development and positioned close to transport, education, retail and lifestyle amenities, this is a compelling opportunity for developers seeking approval certainty with longer-term yield flexibility.
Information pack available on request
Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.
28-30 Cricklewood Avenue comprises two adjoining allotments with a combined land area of 1,925 m², offered together as a single development opportunity. The flat, rectangular site with consolidated frontage supports efficient access, circulation and built-form outcomes.
The property benefits from approved plans and permits for a townhouse development, providing immediate development certainty. In addition, recent rezoning to Housing Choice and Transport Zone - Schedule 2 (HCTZ2) introduces further upside, with planning controls supporting increased residential density and flexible built-form outcomes (STCA).
Surrounded by established medium-density development and positioned close to transport, education, retail and lifestyle amenities, this is a compelling opportunity for developers seeking approval certainty with longer-term yield flexibility.
Information pack available on request
Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Due diligence checklist for home and residential property buyers.