Positioned on a prominent corner allotment of approximately 1,164 m², 249 Princes Highway, Corio presents a rare and substantial opportunity to secure a large landholding with approved plans and permits already in place for six double storey townhouses. Opportunities of this scale, with permits secured, are becoming increasingly hard to find, making this an exceptional prospect for developers, investors or those seeking a strategic long term holding.
The existing home sits comfortably on the block and offers solid accommodation while future plans are considered. From the front porch, you step into the entry which opens through to the main lounge and dining area. This is a generous space with timber floorboards underfoot and large windows that allow an abundance of natural light to flow throughout. A split system services this living zone, providing heating and cooling for everyday comfort.
Moving through the home, the kitchen is positioned toward the centre and connects easily with the meals area, creating a functional layout that suits daily living. From here, the floor plan continues through to the accommodation, where three well proportioned bedrooms are thoughtfully arranged. Each bedroom includes built in wardrobes, offering excellent storage. The central bathroom is well sized and includes a bath, while a separate toilet adds everyday practicality. A dedicated laundry sits nearby with direct access outside.
Toward the rear of the home, a standout feature is the expansive undercover entertaining area. This space is ideal for gatherings and outdoor living, while also highlighting the sheer scale of the block and the flexibility it offers. Beyond this, the property is further enhanced by a garage, carport and separate workshop, providing ample space for vehicles, storage or hobby use.
While the existing dwelling is comfortable and well maintained, the true value lies in the land and its future potential. With approved plans and permits already secured for six double storey townhouses, the groundwork has been done, offering a streamlined pathway to development and reducing both time and uncertainty.
The location only strengthens the appeal. Situated with easy access to Corio Village Shopping Centre, residents enjoy close proximity to supermarkets, retail stores and everyday services. Local primary and secondary schools are nearby, along with public transport options providing direct connections to the Geelong CBD and North Geelong train station. The Princes Highway offers convenient access toward Melbourne and surrounds, making this a highly connected and accessible address.
Whether you are looking to develop immediately or secure a substantial parcel with an existing home in place for future use, 249 Princes Highway represents a significant opportunity in a growing and well serviced part of Corio.
