Positioned on a substantial 776m² (approx.) corner allotment, 22 Plume Street, Norlane presents an exceptional opportunity for developers, investors and renovators looking to capitalise on the property's impressive landholding and future potential. With the added advantage of corner access, this property offers exciting possibilities for potential subdivision, redevelopment or extension (STCA). Whether you're looking to maximise the land, renovate the existing home or secure a long-term investment, the opportunities here are endless.
The existing three-bedroom home provides a practical and functional floorplan, featuring an open-plan kitchen, dining and living area with original timber. The kitchen offers a gas cooktop, oven, dishwasher and ample cabinetry and storage space, while ducted heating throughout ensures comfort during the cooler months.
Accommodation comprises of three bedrooms, two complete with built-in robes. The central bathroom includes a bathtub, separate shower and single vanity, while a walk-in laundry with an adjoining separate toilet adds everyday convenience. The home's existing layout provides a solid foundation for those looking to renovate, modernise or add value over time.
The true standout is the expansive 776m² (approx.) corner block, offering exceptional flexibility and scope for future possibilities. The corner positioning provides an attractive advantage for those exploring development opportunities, with potential for multiple dwellings, subdivision or a substantial extension, all subject to council approval (STCA). Currently tenanted, the home also presents an opportunity for investors seeking an established rental property while considering future plans.
Conveniently located close to local schools, shopping centres, public transport, the Spirit of Tasmania and major road connections, the property offers everyday convenience alongside exciting investment potential. With Geelong's continued growth and demand for well-positioned land, this is an opportunity to secure a substantial corner allotment with plenty of possibilities for the future.
Currently tenanted in fixed lease till March 2027 - $390 per week in rental income
