12 Weeroona Street, Rye VIC 3941

A development opportunity blessed with a fantastic location barely 200m from the bay, offering potential for three townhouses (Subject to Council Approval) and a lucrative income stream while you get plans and permits underway from the existing pair of units which are currently vacant but would likely generate circa $750.00 per week on a combined permanent rental basis in the current market!

Set on a huge 1012sqm (approx) allotment in the heart of Rye with shops, the pier and foreshore at your door step, the property features two well-presented three-bedroom units ideal as short-term holiday accommodation that will be sold with all furnishings, whitegoods, linen and household contents on a walk-in walk-out basis.

With a wide 20m frontage and a northern orientation that lends itself to an easy and energy-efficient project design, chances like this are extremely rare and with demand red-hot for quality lifestyle properties, call your architect or draftsman and start planning now!

Hockingstuart | Belle Property is proud to be offering this property for sale. To arrange an inspection or for further information, please contact Mal McInnes on 0415 502 316 [email protected]