Positioned within one of Cleveland´s most desirable and tightly held estates, this exceptional 1012m² parcel presents a rare and exciting opportunity to secure a prime slice of bayside real estate. Set on block that slopes gently from rear to street with Development Approval already in place for subdivision, the possibilities here are extensive whether you´re looking to develop, land bank or create your dream coastal residence in a blue-chip location.
The existing four-bedroom home is filled with character and charm, offering a solid foundation for those willing to add their personal touch. With a little renovation, it has the potential to generate strong rental income while you capitalise on the future development upside. Opportunities like this combining immediate holding income with long-term potential are increasingly hard to come by in such a premium pocket.
Located just footsteps from the water´s edge and surrounding parklands, and moments from Oyster Point, this address delivers the very best of bayside living. You´re within easy reach of Cleveland´s town centre, the vibrant Raby Bay Harbourside precinct, local beaches and highly regarded schooling options including Ormiston College and Sheldon College. With homes on smaller allotments in the area already achieving prices all the way up to the high $2 million range, this is a compelling opportunity to secure a substantial landholding in an undeniably blue-chip location.
- 1012m² block with Development Approval
- Four bedroom with scope to renovate or lease
- Opportunity to land bank generating rental income
- Footsteps to Oyster Point and waterfront
- Moments from Raby Bay Harbourside for dining
- Close to shopping and entertainment
- Central to prestigious schooling options
- Peaceful bluchip location
Call to inspect with Luke Nel and Kyle Steenson
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