15-17 Mcmahons Road

Positioned within the tightly held Frankston Central Activity Precinct, directly opposite Monash University Peninsula Campus and moments from Frankston Hospital, this rare double block (two titles) presents a standout opportunity for developers, investors, and owner-occupiers alike. Set on approximately 1,233sqm with exceptional street exposure, the possibilities here are extensive (STCA): Multi-level residential development potential for apartments up to 14m height (subject to Frankston Metropolitan Activity Centre Structure Plan - STCA) Medical or consulting suites ideal given proximity to hospital and allied services Commercial offices / retail activation in a high-traffic location (STCA) Student accommodation capitalise on immediate university access (STCA) Additional highlights include: Two titles flexible development scope Located within the sought-after Frankston High School zone High visibility corner position with strong passing traffic Walk to Frankston CBD, transport, shops, and lifestyle amenities This is a rare landholding in a rapidly evolving precinct, offering both immediate utility and long-term upside.