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29 Champ Elysees Esplanade

Coronet Bay VIC 3984

188 m²
Land
Currently for sale - view listing

Overview

The Brief: Prime Commercial Opportunity in the Heart of Coronet Bay

Its Addressed: 29 Champ Elysees Esplanade, Coronet Bay presents an exceptional opportunity to secure a premium commercial site in one of the region’s fastest-growing coastal communities. Coronet Bay has recently been recognised as one of the most sought-after waterside locations, making now the perfect time to invest and capitalise on future growth in this thriving seaside township. This commercial parcel of land comes with plans that were approved by council but have run out and need to be resubmitted (subject to your own due diligence), giving buyers a valuable head start. The design offers a ground-floor commercial space with prime shopfront exposure, including a storeroom, toilet facilities and kitchenette, making it ideal for a range of business uses. Upstairs, the plans allow for a separately leased residential apartment featuring open-plan kitchen, dining and living areas, a deck capturing beautiful views toward Coronet Bay Beach, two bedrooms, a shared bathroom and a private balcony. The flexibility to lease both spaces independently creates an attractive dual-income opportunity, with estimated rental returns of approximately $560 per week for the shopfront and $420 per week for the apartment. Positioned in a tightly held and growing coastal pocket, this is a rare chance to secure a high-exposure commercial site with strong investment appeal. Whether you’re looking to expand your commercial portfolio or step into a mixed-use development in a high-demand location, this opportunity is not to be missed. For more Real Estate in Coronet Bay contact your Area Specialist. Did you know we have a rental department who can service your investment properties? Our rental department has appraised this property. Shop - $550 per week. Apartment - $420 per week. If you would like more information please get in contact. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.

Features

188 m² lot size
Land

Happy sellers in Coronet Bay

90%
90% of sellers in Coronet Bay reported that their sale price either exceeded or met their price expectations.

Coronet Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Coronet Bay over the last 12 months.

Local market activity for land plots in Coronet Bay

In the last 12 months, 2 land plots similar to 29 Champ Elysees Esplanade, have been sold.

This represents a 90% increase in land plots sales when compared to the previous 12 months.

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