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68 The Terrace, Ocean Grove, VIC, 3226

68 The Terrace, Ocean Grove, VIC, 3226

Ocean Grove

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68 The Terrace, Ocean Grove, VIC, 3226

Ocean Grove

SOLD
68 The Terrace, Ocean Grove, VIC, 3226

68 The Terrace, Ocean Grove, VIC, 3226

Properties / Sold / Victoria / Ocean Grove
Development Potential
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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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

68 The Terrace Development Site Summary

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

Development Site 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

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68 The Terrace, Ocean Grove, VIC, 3226

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Property Location of 68 The Terrace, Ocean Grove, VIC, 3226

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Report Contains

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