PLANS AND PERMITS APPROVED FOR 6 TOWNHOUSES ON 805M2

Positioned in one of Frankston's most strategically located pockets, this exceptional 805m² (approx.) development opportunity presents the perfect combination of immediate holding income, future development upside and premium positioning within the highly sought-after Residential Growth Zone Schedule 1 (RGZ1).

Complete with plans and permits already approved for 6 architecturally designed triple-storey contemporary townhouses, this is a rare chance for developers and investors to fast-track their next project in a location that continues to experience strong demand and significant growth.

The existing residence is a neat and tidy 2-bedroom, 1-bathroom home, providing comfortable accommodation or potential rental income while future plans are considered. Whether you choose to proceed with the approved development, landbank for the future, or explore alternative high-density opportunities (STCA), the flexibility and potential here are truly outstanding.

Located moments from Frankston's thriving 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.

With Frankston continuing to evolve as a major lifestyle and infrastructure hub on the Mornington Peninsula, developments in this calibre of 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 capitalise on future growth.

A premium development opportunity with approved plans, substantial landholding and an unbeatable lifestyle location - 14 Mereweather Avenue is a project ready to make an impact.

The information provided in this advertisement 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 The property may be withdrawn or its details changed at any time without notice.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.
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence

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.

Explore the area

School catchments

Oakwood School-Frankston Campus Secondary Government 0.73km
Oakwood School-Career Pathway Centre Secondary Government 0.77km
John Paul College Secondary 7-12 Catholic 1.1km
Kananook Primary School Primary Prep-6 Government 1.2km
Frankston Primary School Primary Prep-6 Government 1.4km
SEDA College (Victoria) - Frankston Park Function Centre Secondary Independent 1.4km
St Francis Xavier School Primary Prep-6 Catholic 1.5km
Monterey Secondary College Secondary 7-12 Government 2.1km
Frankston East Primary School Primary Prep-6 Government 2.1km
St John's School Primary Prep-6 Catholic 2.3km
Karingal Primary School Primary Prep-6 Government 2.3km
Yea High School-Kevin Collopy Pavilion Secondary Government 2.6km
Frankston High School-VCE Campus Secondary Government 2.8km
Overport Primary School Primary Prep-6 Government 2.8km
Frankston High School Secondary 7-12 Government 2.8km
Mahogany Rise Primary School Primary Prep-6 Government 2.9km
Mahogany Rise Primary School-Mahogany Rise Student Development Centre Primary Government 2.9km
McClelland Secondary College Secondary 7-12 Government 3.1km
Ballam Park Primary School Primary Prep-6 Government 3.1km
Belvedere Park Primary School Primary Prep-6 Government 3.3km
St Anne's School Primary Prep-6 Catholic 3.4km
Seaford Primary School Primary Prep-6 Government 3.4km
Frankston Heights Primary School Primary Prep-6 Government 3.5km
Seaford Primary School-Seaford Special Assistance Unit Primary Government 3.5km
Woodleigh School - Minimbah Campus Combined Independent 4.4km
Mount Erin Secondary College Secondary 7-12 Government 4.7km
Mount Erin Secondary College-Mount Erin Deaf Facility Secondary Government 4.7km
Toorak College Combined Prep-12 Independent 5.1km
Flinders Christian Community College - Carrum Downs Campus Combined Independent 5.2km
Bayside Christian College Combined Prep-12 Independent 5.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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