44 Grenville Grove

Capel Sound VIC 3940

836 m²

House

Currently for sale - view listing

Overview

Blue-Chip Beachside Development Site - Plans and Permits Will Be Available

836sqm (Approx.) with Approved Plans for 3 Double Story Town Houses each comprising of 4 bedrooms , two with ensuites and a third central bathroom. An exceptional opportunity to secure a prime 836sqm (approx.) level allotment just two streets from the Capel Sound foreshore. Offering strong fundamentals for immediate development in a tightly held coastal growth pocket. The site is flat, north-facing and fully usable, significantly reducing construction complexity and site costs. The existing weatherboard dwelling (four bedrooms, one bathroom) provides holding income or short-term accommodation potential while preparing for redevelopment. Development Highlights: * Zoning: Residential * Orientation: North-facing yard * Topography: Flat, semi-cleared and fully fenced * Approved council plans for a Multi-dwelling townhouse project * Approved plans provided at settlement * Endorsed plans will be provided at settlement * Low site constraints - ideal for efficient design and build outcomes Capel Sound continues to experience strong demand for medium-density, low-maintenance coastal housing, underpinned by downsizers, lifestyle buyers, and Melbourne-based purchasers seeking Peninsula exposure. This site offers scale and flexibility rarely found this close to the foreshore. Strategic Location Advantages: * Walk to beach, foreshore and Bay Trail * Walking distance to Capel Sound village cafés, retail and services * Close to Rosebud Activity Centre and Peninsula Link * Strong resale and rental demand in established seaside precinct Nearby attractions that underpin long-term buyer appeal include: * The Dunes, Eagle Ridge, Rosebud Country Club * The National & St Andrews Beach Golf Courses * Peninsula Hot Springs and Alba Thermal Springs A compelling beachside development opportunity combining location, scale, planning advantage and end-buyer demand. Location is the key to any property purchase, and this location has it in spades.