Development opportunity located within metres of Monash University Frankston. Very rarely does a convenient parcel of land this size (725m2) approx become available with Council approved plans and permits to build 3 townhouses. Easily walk to transport, local shops/shcools, Frankston Hospital and the CBD. Currently leased for $1086 per calendar month. The dwelling includes a wide hallway entrance, 3 bedrooms, combined kitchen/dining, lounge room, 2-way central bathroom/toilet/laundry, storage shed, double carport, double LUG and well established garden. Options for future potential are endless, choose to take full advantage of the strong student accommodation demand, purchase as an investment property, live-in and retain the original home or build the approved dwellings.