100 The Avenue, Ocean Grove, Vic 3226

In a prized inner-village location where world-class beaches, vibrant shopping, and delectable eateries are reached within a leisurely stroll, this classic 1950s residence on a level 811sqm (approx.) landholding presents red-hot buying for the astute investor or savvy developer.

Underpinned by favourable Residential Growth Zoning allowing construction up to 10.5m in height, the property offers exciting possibilities for a luxury new home site or multi-dwelling development, with potential coastal panoramas from future second and third storeys (STCA). 

Buyers with a penchant for vintage charm will also appreciate the scope for a rebuild, as high ceilings and timber flooring showcase the three-bedroom home’s classic character, while a desirable north-facing aspect allows natural light to stream in.

With a long-term tenant providing an interim rental income while plans and permits are finalised, the existing home also includes electric heating and air-conditioning, plus ample parking and storage space amid established gardens.

Set within a tight-knit, beachside community, this property’s sought-after location is complemented by a laidback beachside lifestyle – enjoy early morning ocean dips, coastal walks, proximity to local schools, parks, and playgrounds, and a mere 350m stroll to the buzz of The Terrace.

Whether you're seeking a well-preserved character home to renovate, a sought-after central Ocean Grove parcel on which to construct your dream home, or an unrivalled development opportunity, this is an increasingly rare opening to secure a significant landholding in the heart of a thriving coastal community.

-Level 811sqm (approx.) land parcel in the heart of Ocean Grove
-20.1m street frontage and 40.3m depth lends itself to a myriad of possibilities
-Superb opportunity to build a luxury new home or townhouse development (STCA)
-Favourable Residential Growth Zoning allows construction up to 10.5m
-Long-term tenant provides an immediate return on investment
-Ultra convenient location, a mere 700m stroll to the beach and 350m walk to The Terrace