14 Drysdale Street, Portarlington VIC 3223

Positioned in one of Portarlington's most sought-after pockets, this property combines location, lifestyle, and opportunity in one compelling package. Just 500m (approx.) from the vibrant boutique shopping strip and only 300m (approx.) from the bay's sparkling shoreline, it offers an enviable coastal lifestyle alongside outstanding development potential.

The property is being sold with plans and permits for two quality townhouses. With this approval already in place, much of the groundwork is done - making this an exciting prospect for builders, developers, or families seeking dual residences in a tightly held area.

Currently, the site features a charming cottage generating $400 per week in rental income with the renter on a periodic lease. The home boasts an open-plan dining/lounge/sunroom drenched in northern light, a functional kitchen with electric cooking and ample storage and three well-proportioned bedrooms serviced by a central bathroom and separate toilet.

Outdoors, the rear garden is a private haven filled with mature plantings, including fruit trees, while two versatile bungalows provide handy storage or the perfect space for a studio.

Whether you move forward with the approved townhouse project, landbank for the future, or simply enjoy the existing cottage, this rare offering in a blue-ribband address is brimming with potential.