15 Wimborne Avenue

Chelsea VIC 3196

Two properties...around 1403sqm...3 doors to the beachfront ...120 steps to the waterline (even at low-tide)...it all adds up to the most exciting GRZ2 Zoned development opportunity in beachside Melbourne today. Buy one or buy both - these two separately-titled neighbouring properties will be auctioned with an option to purchase (at the same rate per sqm) for the buyer of the first property. This rare beachside opportunity is even offered with a value-added extra offering; an iconic Boat Shed nestled in the dunes at the end of the street. Representing an exciting development opportunity with the same Zoning, the same brilliant northerly rear aspect and the same premier address, these two almost equal properties (one approx 700sqm, the other approx 703sqm) come together as one spectacular approx 1403sqm site with a joint frontage of around 30.5m. Separately leased until mid and late 2017 with a current total rental of $3780pcm, the existing homes (a 3 bedroom brick home with garage and a 2 bedroom period weatherboard) add an invaluable pay-as-you-plan option throughout the approval process. However, the biggest value-add lies in the opportunity to purchase a rare Boat Shed in conjunction with the sale at auction. The last boatshed allowed on this stretch of pure white sand, shed No. 1322 has been held by the same family for three generations and is now set to offer a unique slice of beachside life and history to a lucky new family ...or, perhaps, to the group of new owners lucky enough to purchase in the main site's future development. Look to this sun-bathed beachside position; consider the proximity to the sand (no more than 100m), the station (just half a dozen blocks) and Patterson River Country Club (less than a minute). Tally up the multi-dwelling multi-level options of this GRZ2 Zoned site. Then add in the unique lifestyle or marketing benefits that a Boat Shed bonus could add!