15-17 The Terrace, Ocean Grove VIC 3226

Situated in a premier street close to the main township of Ocean Grove, this exceptional property spans two residential blocks on separate titles of 821 sqm (approx.) each, totalling a massive 1643 sqm (approx.) of prime coastal real estate. Each block is available to purchase individually or as a whole. Currently in use as a bowling green, forming part of the popular Ocean Grove Bowling Club opposite, this already-levelled land presents minimal knock-down requirements, offering an unmissable opportunity for investors, developers, and builders.

Impressively located close to the Barwon River, Ocean Grove surf beaches and the thriving coastal towns of Ocean Grove and Barwon Heads. Its raised position offers immense potential for sweeping views across the Barwon River to the Bluff and beyond. The property's substantial size allows for versatile residential development and the dual titles provide flexibility and ample space for innovative projects. Opportunity also exists for a continuation of the current leaseback arrangements.

Don't miss this unique and rare chance to transform a piece of Ocean Grove's sporting history into a prime residential complex.

Note: Price Guide is indicative of entire parcel.