51 Nepean Highway, Safety Beach, VIC, 3936, Australia

Enjoying a blue-chip position and prized beachside address barely 500m to the sand, this level 667m2 (approx) corner allotment offers a dream site to redevelop into two contemporary coastal townhouses (STCA) with stunning mountain views to Arthurs Seat and Red Hill.

Behind a tall boundary fence, the existing abode features three bedroom with polished timber floors, open-plan living dining with a split-system, a large kitchen with electric stove, a great covered alfresco patio and a cedar-clad bathroom with separate toilet, along with a lock-up garage that’s been converted into a storeroom and bungalow.

Fetching $1782 per calendar month in rent, the property is all set to generate an income as you await final approvals for your greater vision, while the scope is also there to landbank the property for the future and utilise it as a laidback holiday home for carefree getaways around an hour from Melbourne via Peninsula Link.

With dual street access off both Nepean Highway and George Street, the block would lend itself superbly to a dual development or even a large luxury home with pool (STCA) just a few minutes’ drive to Dromana’s cafe and restaurant strip, Martha Cove Marina, Hickenbotham Winery, Dromana Drive-in and local primary and secondary schools.

Homes and Acreage is proud to be offering this property for sale – To arrange an inspection or for further information, please contact the office on 1300 077 557 or office@homesacreage.com.au

Features:
• Large level corner allotment
• All services in place
• Ripe to redevelop into 2 contemporary townhouses
• Stunning coastal views to Arthurs Seat & Red Hill
• Dual access off Nepean Highway & George Street
• Currently site to original beach house
• 3 bedrooms with timber floors
• Open-plan living & dining with split-system
• Sizeable kitchen with electric stove
• Cedar-clad bathroom with separate toilet
• Large covered alfresco patio
• Single carport
• Lock-up garage converted into 2-room storage & bungalow