Positioned within one of Frankston's most prominent coastal corridors, Overton presents a rare opportunity to secure a substantial multi-title landholding with holding income and genuine mixed-use development potential (STCA), just 300 metres from the sands of Frankston's award-winning beach.
The Offering
12 Overton Road, Frankston
14 Overton Road, Frankston
597sqm (approx.)
16 Overton Road, Frankston
593sqm (approx.)
Combined Offering
Total landholding: 1,839sqm (approx.)
Gross annual rental income: approx. $78,660 per annum
Situated within Precinct 5, Sub-Precinct 5D of the Frankston Metropolitan Activity Centre, the site offers genuine mixed-use development potential (STCA), with neighbouring approvals and emerging developments throughout the precinct highlighting increasing council appetite and growing confidence in larger-scale architectural outcomes.
Benefiting from a highly prominent northwest-facing position overlooking the Kananook Creek Trail, the land enjoys a rare sense of openness and outlook, creating the opportunity for future development to capitalise on uninterrupted natural light, bay vistas and a highly desirable coastal orientation, making it prime for a boutique luxury apartment development.
As Frankston continues to attract increasing interstate attention, investment and development activity, Overton represents a strategic acquisition within one of Victoria's fastest-evolving coastal growth precincts.
The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.
Frankston has 21,785 properties. Over the last 5 years, Houses in Frankston have seen a 14.92% increase in median value, while Units have seen a 20.83% increase. As at 30 June 2026:
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