What a wonderful blank canvas you have to work on here!! Situated on 618sqm aprox, this is a great opportunity for developers, investors or even 1st Home owners to realise the potential this property has to offer!! With the original 2 bedroom weatherboard home at the front of the block, you could easily renovate and keep the existing dwelling and build a beautiful townhouse (STCA) at the back!! Perfectly positioned within walking distance to the Frankston CBD, it also has easy access to Frankston Freeway, Eastlink and the new "peninsula link Freeway due to be completed in 2013. Being so close to the Frankston CBD with all its magnificence shops, restaurants and cinema complex, it will make for easy living! With public transport, fantastic amenities and within walking distance to the CBD and beach, make this ideal for the first time buyers/investors wanting convenience. The house consists of two bedrooms, kitchen, bathroom and laundry, off road parking and good size garden. Currently long term tenanted at $205/week (aprox 11 months to go on lease), which will give you piece of mind. Demolition could be an option, leaving you with blank canvas at a good price in a fantastic position.