Potential, potential, potential!

217-219 Great Ocean, Apollo Bay,
Block Of Unit / Flats For Sale

Position may well be everything, but potential is the icing on the cake when it comes to intelligent property investment. This landmark property offers a superb position plus outstanding development potential so you can have your cake and eat it too!

Located right in the hub of Apollo Bay, 217-219 Great Ocean Road commands stunning panoramic vistas over the unique coastline, ocean and harbour, and puts 6 kilometres of golden swim-safe beaches just a stroll away.

This massive 4539 sq.m allotment spans almost 55 metres of absolute Great Ocean Road frontage, elevating up and back to a second street frontage to Casino Avenue. Unparalleled, uninterrupted views, space to spare and all the access you need. There's even a landscaped creek meandering down through the extensive gardens.

So it's no surprise that the Colac Otway Shire has already approved a planning permit for an 8-lot subdivision on the site. Torquay's Fractal Design Architects team has made the most of this exceptional allotment with a contemporary design solution that maximises views for all eight dwellings and delivers functional floorplans that are ideal for short-term letting or private holiday use.

This property represents a rare prospect for investors to enter the high-performing coastal property market, with a development-sized site with a planning permit already in place. All that's required is to progress the development in accordance with the endorsed plans including demolition of the existing buildings.

For the last 30 years or so, this idyllic spot has been known as Bayside Gardens resort, a 10-unit holiday destination offering quality one and two-bedroom accommodation. A brick veneer manager's residence comprising three bedrooms, two living areas, two bathrooms plus an office and study has facilitated an easy-to-operate business and ongoing income.

The proposed development will fully optimise the use of the property, capitalising on its considerable potential and ensuring your investment is rock-solid into the future. With capital growth and rental income, you can truly have your bread buttered on both sides.

Inspect today and see how easily you can acquire a slice of the lucrative property investment action on the Great Ocean Road.

zp8497586rq