44 Grenville Grove, Capel Sound VIC 3940

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.