This is a rare opportunity in this fantastic pocket of Capel Sound; and with the plans and permits already approved half of the work is already done for you. So many options available....Be quick...
Resting on a huge 906sqm block the existing home consists of 5 sizable bedrooms, with built in robes. Open plan kitchen(updated), living and meals area, along with formal dining space. Central renovated bathroom services the home with separate WC. Currently tenanted with a sizable return until November 2021.
Plans and permits to develop 3 townhouses (Valid until 2021) this is a golden opportunity for the astute developer.
Unit 1 - 4 bedroom, 2 bathroom, double car garage
Unit 2 - 2 bedroom + study, 1 bathroom, single garage
Unit 3 - 4 bedroom, 2 bathroom, 2 living, double garage
Property Features:
- Plans and permits for 3 Townhouses (Valid until 2021)
- Heating and cooling throughout
- Large Alfresco area
- Plenty of off street parking
- Open plan kitchen(updated), New bathroom
- Currently tenanted until November 2020
- Sizable rental return of $1825 pcm
- Fantastic location - walking distance to Port Phillip Bay
Situated just minutes from the golden sand of the Port Phillip Bay lay this absolutely outstanding opportunity. Walking distance to Tootgarook Primary School, Capel Sound Beach shopping strip, award winning restaurants, Tootgarook Sports Reserve, Local playgrounds, Rosebud Hospital and the list continues. Also, just a short trip to Rosebud Plaza Shopping Centre, Rosebud Aquatic Centre (proposed completion November 2020) & Peninsula Hot springs.
