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68 The Terrace, Ocean Grove, VIC, 3226
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68 The Terrace, Ocean Grove, VIC, 3226

2. Property Highlights

THE COMPLETE PACKAGE
  • TIGHTLY HELD COASTAL PRECINCT
  • DIVERSIFIED INCOME
  • TRUE DEVELOPMENT POTENTIAL

EXPRESSION OF INTEREST CLOSING WEDNESDAY 1st JUNE AT 3pm

- Secure leases in place for both tenancies; RT Edgar and Ocean Grove Cellars

- Combined income: $124,473 pa net

- Two level freehold totalling 373m2* plus balcony

- Land holding of 606m2* with significant redevelopment potential

- Demolition clauses in both lease agreements

- Favourable Commercial 1 Zoning (13.5m height limit)

- Excellent onsite car parking at the rear accessed via Presidents Avenue


10% deposit, Balance of monies 60/90 days

*Approx.

Remember to mention you found this property on DevelopmentReady

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Tim Darcy
Tim Darcy
+61 *** *** *** show +61 418 522 523
Andrew Prowse
Andrew Prowse
+61 *** *** *** show +61 418 534 076

3. Property Location

68 The Terrace, Ocean Grove, VIC, 3226

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4. Due Diligence

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68 The Terrace, Ocean Grove, VIC, 3226 Ocean Grove
Darcy Jarman
Darcy Jarman
Level 1, 89 West Fyans Street, Newtown VIC 3220
Tim Darcy
Tim Darcy
+61 *** *** *** show +61 418 522 523
Andrew Prowse
Andrew Prowse
+61 *** *** *** show +61 418 534 076