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135-145 Bluff Road, St Leonards, VIC, 3223

2. Property Highlights

Rare Coastal Estate: 11,600 m2 GRZ2 Zoned Property - Prime Development Potential

This is a truly remarkable property. Opposite an extensive nature reserve but otherwise surrounded by intense residential development, the estate comprises of a substantial modern double-story main residence featuring 5 bedrooms, 3 bathrooms, a well-appointed open-plan kitchen, and expansive living and dining spaces. Additional highlights include a walk-in pantry, a formal dining room for sophisticated gatherings, a versatile rumpus room, a double garage, and extensive fully paved terraces overlooking a magical verdant garden and sweeping lawns. (Title 1)

Complementing the main residence is a charming brick period cottage boasting 2 bedrooms, 2 bathrooms, a third WC, and its own double and single garage. (Title 2)

The property, which is within easy walking distance of the beach, is currently on two titles and will be sold with the benefit of a recent town planning permit for the creation of a third title.

A very substantial red brick wall along the (105 metre) Bluff Road frontage ensures privacy. Access to the picturesque treelined lined driveway is via two gated entrances. The site includes numerous well established native and exotic trees, an inviting and capacious in-ground swimming pool that beckons for relaxation amid beautiful, landscaped gardens populated by several hundred diverse rose bushes, flourishing citrus and almond orchards, and a majestic olive grove. An extensive dripper water and sprinkling system services the main lawns and most of the plantings.

And there are practical features too! They include storage and plant sheds, large water tanks, and a bore water system.

The site offers diverse possibilities. They range from a serene and very private luxurious holiday resort or an astute investment to transformation (STCA) into an intense residential development. The current zoning also contemplates, STCA, some commercial uses (residential care facility, medical centre etc). Because of the size of the site, its central and elevated location, two road frontages, and proximity to the beach, the potential is enormous!

This is an exceptional property with exceptional possibilities! Arrange a private viewing today!

For the Investor/Developer Highlights:

• The whole property is presently zoned residential which make a multi lot residential subdivision a very practical possibility STCA.
• Both titles are regularly shaped with only a gentle slope therefore making any future development works more palatable and cost effective.
• Both titles have frontages to both Bluff Road(sealed) and Fairview Street(unsealed). This means a future multi lot subdivision may be effected without the need for costly internal road construction STCA.
• The existing Planning Permit (Oct. 2023) is for new title around the main residence and provides an immediate option for execution and the separate sale of that residence in the short term.
• The eastern front gate is approximately 300m from the foreshore reserve, and approximately 500m to the beach and the St Leonards yacht club.
• Two residences with excellent accommodation and facilities and undercover parking for 5 cars plus shedding, gloriously sited swimming pool, tanks, etc. etc.
• A future residential development (STCA) has the potential for bay views from the upper levels. Proposed plans are available for a 17-lot subdivision expected to be free of costly internal road construction and with lots ranging from 539m2 - 1108m2

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3. Property Location

135-145 Bluff Road, St Leonards, VIC, 3223

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4. Due Diligence

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135-145 Bluff Road, St Leonards, VIC, 3223 St Leonards