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.
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