Presenting a tantalising opportunity for savvy investors, this property is a blank canvas, perfect for those ready to capitalise on its substantial potential. Nestled in a highly desirable location, merely a stone's throw from the idyllic Rosebud foreshore, this is a chance to harness the essence of seaside living while transforming a vision into reality.
Boasting an expansive site of approximately 745 square metres, this offering is rich with possibilities. With proximity to local schools, an array of shopping options at both McCrae and Rosebud centres, as well as a variety of restaurants, convenience is at your doorstep. Whether you are looking to create a singular, luxurious abode or explore the potential for a 3-4unit development (subject to council approval), or the zoning is also open to offices such as medical etc ,the promise of a lucrative investment awaits.
While the existing structure is admittedly past its prime, it is the vast, unadulterated land that is of the essence here. Investors will appreciate the opportunity to start anew, erecting a property (or properties) that not only meets modern standards but exceeds them, offering a lifestyle of comfort and convenience.
This is not just a purchase; it is an investment in a future of prosperity. With a must-sell status, the promise of growth and return on investment is palpable. Seize the chance to craft a stunning residential showcase in the heart of one of Victoria's most beloved coastal towns. This property is poised to become a beacon of transformation and profit for those with the vision to see its true potential.
The size of Rosebud is approximately 17.1 square kilometres. It has 36 parks covering nearly 26.1% of total area. The population of Rosebud in 2011 was 12,501 people. By 2016 the population was 13,188 showing a population growth of 5.5% in the area during that time. The predominant age group in Rosebud is 60-69 years. Households in Rosebud are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rosebud work in a trades occupation. In 2011, 68.9% of the homes in Rosebud were owner-occupied compared with 67.9% in 2016.
Rosebud has 10,831 properties. Over the last 5 years, Houses in Rosebud have seen a 33.61% increase in median value, while Units have seen a 29.60% increase. As at 31 October 2024:
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