30 Gweno Avenue, Frankston VIC 3199

A rare find in refined territory, this 4-unit allotment atop Olivers Hill offers an incredible investment opportunity by the beach in one of Frankston's most exclusive precincts.

This 910sqm (approx) allotment captures a privileged position within the Frankston High School Zone and less than 5 minutes' drive to Frankston Station, Frankston's medical and arts precincts, PARC, schools and more.

Beachside of Kars Street and 5 minutes' walk to the foreshore, this is a prime position for anyone seeking to landbank for the future while reaping rental returns.

The north-facing site comprises a 2-bedroom unit at the front and 3 x 1-bedroom units behind, in a quiet street leading to the top of Olivers Hill and discreetly to the beach via Somme Laneway.

Each independant unit includes a car park, all are currently tenanted (returning approx $54,000 p.a.), and all offer low-maintenance living.

Units 1, 2 and 3 have been renovated and Unit 4 is original. All feature open-plan living and enclosed courtyards.

The renovated units include modern kitchens with dishwashers and stainless steel cookers with gas hobs.