23 Spray Street

Positioned in a highly sought-after pocket of Frankston, 23 Spray Street presents an exceptional opportunity for developers, investors, and land bankers alike. Occupying a generous allotment, the property features an existing residence that offers immediate rental income potential or comfortable accommodation while future plans are put into action. Whether you're looking to hold, renovate, or develop, the options are plentiful. Adding significant value, the property comes with approved plans and permits for the construction of three contemporary two-bedroom townhouses, allowing you to fast-track your next project and avoid the lengthy planning process. Located just moments from Frankston CBD, stunning beaches, public transport, schools, parks, and major shopping precincts, this is a rare opportunity to secure a development-ready site in a thriving growth corridor. Property Highlights: Existing home with rental or holding income potential Approved plans and permits for 3 x 2-bedroom units Development-ready opportunity in a high-demand location Close to Frankston CBD, beaches, transport and schools Ideal for developers, investors and builders Strong future growth and development prospects With the hard work already done and approvals in place, this is a fantastic opportunity to capitalise on Frankston's continued growth and strong demand for quality housing. Enquire today for a copy of the plans and further information.