14 Pearl Street, Ocean Grove VIC

Located in the heart of Ocean Grove, this authentic 1960s beach-shack offers a plethora of opportunities. Whether looking to create your own version amidst this natural establishment or exploring the potential to redevelop the site into a multi-townhouse complex (subject to council approval), the possibilities are expansive. The property exudes nostalgic charm with 3 bedrooms, 1 bathroom, 2 living areas, functional kitchen, and timber veranda. Central heating and a split system ensure comfort throughout the year. Positioned on a generous 613m2 allotment with a 16.8-meter frontage and no easements , developers have ample opportunity to reconfigure the site among other subdivisions in the same street. Previously leased at $450 per week, it offers potential income while plans and permits are pursued. Conveniently located within a short walk to the Blue Waters precinct and Ocean Grove Primary School, and just a two-minute drive to Ocean Grove's main hub, surf beach, and sporting grounds, this property combines tranquility, accessibility, and potential profit. Whether you envision a custom-designed home or a strategic development venture, this property embodies the allure and promise of coastal living.