Boundless opportunities are presented along with this exceptionally located 779sqm (approx) Corio property - a huge land parcel in a high-growth location with an original existing home on top... and APPROVED PLANS & PERMITS for a rewarding, TRIPLE DWELLING redevelopment project.
In amongst refurbished homes and modern re-developments, positioned for absolute convenience on foot to buses, sporting grounds, St Francis Xavier Primary and Northern Bay College P-Yr 8, The Shell Club, Corio Central shopping plaza, and brilliant access to the ring road, linking with Victoria's two largest cities, Melbourne and Geelong with ease.
Indeed, it's a rewarding boost to the portfolio for savvy investors, and an exciting development opportunity for those seeking an affordable, ready-to-go project to sink their teeth into - and in a location that's brimming with broad lifestyle appeal, it'll surely generate excellent resale value and return on investment too!
An existing three bedroom, one bathroom residence with mostly original interiors, a three-car carport and a huge backyard to play with. You can either demolish the existing structures and start on the redevelopment immediately, or give the home some TLC, move in or lease it out, and build up some capital to gain even greater rewards later. The options are endless and the choices are yours!
Spacious lounge with A/C & gas heater, large original kitchen, 3 well-sized bedrooms, central bathroom, large laundry, enormous backyard & triple carport with parking for the boat or caravan.
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The approved plans are for a three-unit redevelopment, with varying floor plans and configurations in each, appealing to a wide range of different buyers.
UNIT 1:
- 3 generous bedrooms
- 1 bathroom, separate toilet
- Large open plan dining & living zone
- Fantastic kitchen design with walk-in style pantry & separate laundry
- Outdoor entertaining area
- Single garage with internal access
UNIT 2:
- 2 generous bedrooms
- 1 bathroom
- Separate laundry
- Large open plan kitchen, dining & living zone
- Outdoor entertaining area
- Single garage with internal access
UNIT 3:
- 3 generous bedrooms
- 1 bathroom, separate toilet
- Separate laundry
- Large open plan kitchen, dining & living zone
- Outdoor area
- Double garage with internal access
Whether it's an optimistic development or an investment to hang on to, an affordable entry into the thriving Geelong marketplace or a renovation project with plenty of scope to add genuine value, this is an exciting opportunity not to miss!
*Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or agent.
