POTENTIAL 5 UNIT DEVELOPMENT SITE - 1634sqm approx.
Nestled in the heart of Capel Sound, is this exceptional opportunity to potentially develop 5 generously sized houses (STCA) across a land size of approximately 1646sqm approximately.
The surveys have already been completed and realignment of the boundaries have been received from council
One of the outstanding features of this property is its ideal location, just a leisurely 10-minute stroll away from the pristine beachfront.
The configuration of Vale St provides an added advantage with three frontages to three separate properties, giving you flexibility in design and maximizing your investment potential.
Convenience is at your fingertips with easy access to Truemans Rd, ensuring seamless travel to nearby attractions and amenities.
Sports enthusiasts will delight in the proximity to Truemans Rd recreational sporting oval and reserve, offering an array of outdoor activities just up the road.
For families, Tootgarook has a thriving community and is home to essential services such as a Kindergarten, Primary School, and a Senior Citizens facility, all within a short 10-minute walk from the property.
Nature lovers will appreciate the property's backing onto a nature reserve, providing a lush green outlook and ensuring no overlooking or overcrowding.
Transportation is a breeze, with the Portsea-Rosebud Bus Route passing nearby. Just a one-minute walk to the bus stop on the corner of Vale and Broadway.
The property is currently leased, which can provide potential income until the project commences. **photos of property prior to current lease
Exciting news for the area, the MP Shire is planning a major Broadway Upgrade, focusing on street scaping and drainage improvements. This enhancement will further enhance the appeal and value of this location, ensuring a vibrant and modern streetscape.
Don't miss out on this incredible opportunity to explore the development potential that this versatile property offers.
Contact us today for more information.
Note: The information provided about the MP Shire's Broadway Upgrade is subject to change. Please refer to the Mornington Peninsula Shire's official website for the most up-to-date details.
Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.
