This unique property is offering a large 1258sqm (approx.) of land with a current rental return of 6 units in the fantastic location: top end of Embankment Grove, Chelsea. Develop with a proven resale value.

Conveniently positioned, the block is approximately 600 meters from Chelsea beach and only a short walk to Chelsea Shopping District, Station, Buses and Primary Schools. Peninsula Link, Frankston Freeway and Eastlink are within a short drive.

This is a rare opportunity with plenty of options to invest in the moving Chelsea market, should you choose to renovate, knock down or develop.

Unit 1 – 2 Bed, 1 Bath
Unit 2 – 2 Bed, 1 Bath
Unit 3 – 1 Bed, 1 Bath
Unit 4 – 1 Bed, 1 Bath
Unit 5 – 2 Bed, 1 Bath
Unit 6 – 2 Bed, 1 Bath

Current rental return: $56,000 approx/ annum

Property Code: 1769