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68 The Terrace, Ocean Grove, VIC, 3226

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

68 The Terrace, Ocean Grove, VIC, 3226

Properties / Sold / Victoria / Ocean Grove
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
606 m² (*approx)
Zoning
C1Z
Local Government
Greater Geelong
Selling Method
Expressions of Interest: Contact Agent
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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

Read More

1. Property Summary

Property Type
Commercial
Land Area
606 m² (*approx)
Zoning
C1Z
Local Government
Greater Geelong
Selling method
Expressions of Interest: Contact Agent

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

Read More
Development Potential
Tim Darcy
Tim Darcy
+61 *** *** *** show +61 418 522 523
Andrew Prowse
Andrew Prowse
+61 *** *** *** show +61 418 534 076

Download Development Site Report

3. Property Location

68 The Terrace, Ocean Grove, VIC, 3226

Property Map
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4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
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