Plans and Permits For 23 Apartments!

22-24 Sheridan Avenue, Frankston, 3199

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1,950,000 AUDEst. Mortgage: AUD 13,702/monthFor Sale
  • Ownership Type Residential Land
  • Property Area 0 sqft
  • Bedrooms Shared
  • Bathrooms 0
  • Furnished No
  • Last Updated 3rd Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Full-Time Doorman
  • River Views
  • Common Roof Deck
  • City Views
  • Gym
  • Sauna
  • Open Views
  • Basketball Court
  • Pool

Property Overview

Located minutes to the beach, train station and of course Frankston CBD, this site which is gueniunely ready to go, is a sure fire winner!
The apartments are a stunning design and with no basement required and all the paperwork undertaken, your path to completion is straightward and hassle free.
- Working Drawings done
- Civil Engineering completed and approved by council
- Deposit paid with Building Surveyor and Preliminary Assessment
- Hydraulic and Electrical Design done
- Approx $10.2 Million in gross realisation (with two pre-sales)
- Build cost approx $5.1 Mil plus GST
-Contruction all on level ground thus no basement required
- Currently two houses on the allotment on month to month leases
- Permit for completion is till July 2023
- Landscape plans competed and approved
- All fire related paperwork / design competed
- Access Performance Solution Report completed
- Energy Efficiency Report completed
- Waste Management Plan completed
- Structural Drawings
-24 Sheridan is currently rented for $1,304 per calendar month and is on a periodic lease.
-22 Sheridan is currently $826 per calendar month and is also on a periodic lease.

The vendors have spent over $100k in the past 12months to get this ready to be built and are reluctant sellers, but it needs to be sold now and for a complete information pack, please email the agent.

Location on Google Map

22-24 Sheridan Avenue, Frankston, 3199

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