90 Grossmans Road, Torquay VIC 3228

An exciting opportunity presents itself with this rare prime acreage close to the Torquay town centre. The property is zoned residential 1 and has been earmarked for future residential subdivision. Residential blocks are in such high and short demand, making this potentially one of the best investment opportunities for 2016.

Sitting on approximately 3.15 acres, this three bedroom brick home incorporates master with ensuite and WIR, second and third bedrooms with BIRs, large open plan North Facing living room with wood fire, adjoining kitchen, electric cooking and views over the expansive yard.

Town water, septic system, and electric hot water system service the home. There is a single car garage at the front of the home and machinery storage area to the rear.

The home lends itself to long term rental with an approximate rental return of $500 per week or the buyer could move right in. Just 100 metres to schools, minutes drive to beaches and a comfortable walk to the town centre, this property is in a prime location with unlimited potential.

* Residential 1 Zoning, earmarked for future residential subdivision
* 3.15 acres close to schools, shops and central Torquay
* 3 bedroom brick home, master with ensuite and WIR
* North facing living room
* Town water, septic system, electric hot water