Beds 5 Bath 2 Carparks 2
SALE: By expression of interest close Thursday October 1, 2020 @ 4pm
AGENCY: First National Warrnambool
CONTACT: Christine Steere on 0409 906 223 or Fletcher Steere 0497 097 964
INSPECT: By appointment
Two homes in one are on offer at this elevated seaside location offering the best of 'renovators or developers delight' and ideal for future development.
The two bedroom residence at 16 Bayview Terrace is mostly in original condition. There is an updated gas heater in the lounge and gas cooking in the kitchen,and a private rear yard and single garage. The home is ready and waiting for you to restore to its Edwardian heritage or value add to take advantage of breathtaking panoramic sea views (STCA).
A second residence, accessed via its own private address at 13 Hotham Street offers a tidy home or second income. Recently refurbished and comprising of three bedrooms, kitchen and living room with reverse cycle heating/cooling. The single lock up garage and private rear yard add to the appeal. Here is a lifestyle opportunity to live in one residence and earn an income leasing the other until you are ready to commence any future development.
This site with two broad street frontages represents a significant opportunity in an elite location to update existing, rebuild or earmark the 824m2 (approx.) parcel of land for a future boutique development site. Retaining the existing income-producing dwellings and building on the surplus land is also an option (STCA).
If location is key, just 450 metres from The Flume surf beach and recreational paths, and walking distance to the Warrnambool CBD, cafes and bars. With few opportunities left to buy dual access residential land allotments in central Warrnambool, this potential development site is truly a rare find.