543-545 Nepean Highway, Frankston, Vic 3199

Positioned directly opposite the shoreline within the Frankston High School Zone, this exceptional offering combines two adjoining titles to create a substantial 3,712sqm (approx.) coastal landholding, representing one of the most significant and flexible development opportunities along this tightly held beachfront corridor.

The Offering

543 Nepean Highway
• 1,701sqm (approx.) landholding with dual dwellings
• Elevated position with favourable north-facing aspect and protected outlook
• Front residence leased at $2,737 per calendar month
• Owner open to leasing back the rear dwelling
• Potential combined holding income of approximately $5,474 per month (~$65,700 per annum)

545 Nepean Highway
• 2,011sqm (approx.) landholding
• Elevated position with sweeping Port Phillip Bay views
• Well-advanced architectural plans for a luxury residence available
• Supporting reports completed, offering a clear pathway forward


Development Potential (STCA)

The combined scale of the land lends itself to a boutique luxury residential development, with early planning feedback indicating the potential for approximately 10–12 residences across the site.

A building height of up to approximately 12 metres (STCA) further enhances the scope for a high-quality coastal outcome, allowing for designs that maximise views, natural light and long-term value.

Key Advantages

• Combined 3,712sqm (approx.) of beachfront land
• Elevated aspect with uninterrupted bay and city views
• Holding income during planning or permit phases
• No known underlying site constraints
• Supporting reports including soil and arborist assessments available

With Frankston Beach directly opposite, and easy access to cafés, the CBD, Peninsula Link, Toorak College and Peninsula Grammar, the lifestyle offering and long-term appeal are undeniable. A rare opportunity to secure a large-scale beachfront assembly with income, planning momentum and exceptional future potential, defined by scale, position and the ability to deliver a landmark coastal outcome.