91 Asbury Street, Ocean Grove VIC 3226

Property Details: • Type: Development Site

• Bedrooms: 4 • Bathrooms: 3

Description: Blessed with a blue-chip coastal setting, this increasingly rare offering presents one expansive landholding, the prospect of two luxury dwellings, and the opportunity to dream big in the thriving heart of Old Ocean Grove. Set on 836sqm (approx.), the level, north-to-rear site includes an original beach house that's ready to make way for a brand-new development, with plans already approved to construct a pair of high-end townhouses by the renowned Cactus Designs. All set to embrace a life of modern luxury and convenience and designed to allow for both owner-occupancy and income simultaneously, the proposed residences feature a contemporary four-bedroom design backed by an impressive 8.6-star energy rating. Set over two levels, each luxury home offers an impressive balance of privacy and openness, with a choice of living zones and dual main bedroom suites allowing for wonderful versatility as well as a North facing back yard Take the exceptional opportunity to circumvent the usual design and approval process, and enjoy a finished masterpiece much sooner than ordinarily possible, or alternatively appoint your own architect and realise your personal vision for this dream site (STCA). Or renovate property now to develop at a later date. Just 450m to Ocean Grove's main shopping and dining precinct and a mere three-minute drive to main beach, this is a rare opportunity to spend your days soaking up the sun, playing in the waves, exploring nearby eateries, and enjoying all this coveted location has to offer. -Amazing development opportunity in the thriving heart of Old Ocean Grove Vendors would consider undertaking Demolition in negociations -Rare 836sqm (approx.) land parcel with coveted north-to-rear aspect -Existing dilapidated beach house is all set to make way for a luxe new build -Includes Town Planning Approved plans for two upmarket, four-bedroom townhouses -Offers lifestyle and financial rewards, with the option to sell one residence while keeping the other -Alternatively, explore the options to create your own dream home (STCA)