Demolishing the existing home would see 1120sqm app of land to develop (STCA) in an extremely well positioned neighborhood in the highly coveted Frankston High School Zone and not to far from Monash University. Directly opposite is Bruce Park featuring a playground, tennis club, football & cricket facilities. The home has been divided down the middle offering the investor two tenancies with a combined rental return of $345pw. The front dwelling features 3 large bedrooms, single bathroom and a large living area. The rear residence offers 2 bedrooms, single bathroom and an even larger living space. Both contain fully equipped kitchens. The property also boasts a large bungalow and plenty of off street parking. Plans are currently underway for a 4 unit development. DEVELOPERS SHOULD SERIOUSLY CONSIDER THIS OPPORTUNITY.