170 Nepean Highway, Aspendale, VIC, 3195, Australia

INSPECTION BY APPOINTMENT ONLY

An extraordinary offering on Aspendale Beach; this is an outstanding 'one of a kind' opportunity to secure a significant 1260m2 approx. beachfront development site or premier home site with an exceptional 19.5 metre wide frontage. Known for its raw natural beauty, this stunning stretch of paradise offers the ultimate beachfront lifestyle. Golden sands, glistening crystal clear waters, spectacular sunsets and the soft sea breeze makes every day feel like a holiday. Complete with an existing original apartment block, the time has come to make way for a beautifully crafted luxury new development or premier home site on the water's edge (STCA.) Currently comprising five strata titled residences, all of which boast breathtaking views across the bay, it's easy to see the outstanding potential to capture the majestic beach vistas and coastal serenity. Presenting an option to lease while arranging plans and permits, this mix of renovated and vintage apartments have an estimated income return of approx.$170,000 pa. (Note: storm damage requires roof repairs to be conducted prior to leasing, building inspection reports are available.) Enjoying a family-friendly community atmosphere, bustling Aspendale Village and the train station are within one block, where you can shop, indulge in the local café scene and grab the train for a convenient city commute. Excellent local schools and reserves are in close proximity, while Mentone's elite independent school precinct is within three train stops. Embrace your vision for contemporary coastal luxury in this idyllic lifestyle location today.