57 Phillip Island RoadSan Remo VIC 3925
Property Details for 57 Phillip Island Rd, San Remo
Last Listing description (August 2023)
This exceptional freehold property presents a rare and enticing opportunity for a discerning buyer. Offering vacant possession, the property spans 1300sqm (approx) across two blocks on a single title with a frontage on three streets - Phillip Island Road, San Remo Parade, and Genista Street. Boasting a desirable location and a building area of 287sqm, the property holds immense potential for conversion into a range of ventures.
The property features a front block that offers breathtaking 180-degree views over the scenic waters of Westernport, making it an ideal setting for a variety of businesses. Additionally, the rear block is equipped with a sealed car park providing convenient parking for customers or patrons, with space for up to 20 cars.
With extensive renovations, the building is primed for a variety of commercial purposes. Notably, it comes with planning approval for a liquor license, making it an attractive prospect for those seeking to establish a hospitality venture.
Key features include:
Commercial Kitchen: The property is equipped with a well-appointed kitchen complete with a 6-burner stove, commercial rangehood, and dishwasher, catering to culinary endeavors.
Gallery/Showroom: A spacious gallery/showroom floor area of 153sqm offers ample space for exhibitions, displays, or retail activities.
Facilities and Services: The property encompasses essential amenities such as a storeroom, separate office, and toilet facilities for staff and customers' convenience.
Air Conditioning and Lighting: Comfort and ambiance are ensured with 2 x large capacity ceiling cassette air conditioners and LED track lighting throughout the building.
Accessibility and Security: The property is equipped with wheelchair access and disabled toilet amenities, demonstrating commitment to inclusivity. For added security, a back-to-base alarm system is in place.
In addition to the commercial opportunities, the property offers a rear one-bedroom residential unit, complete with a kitchen and bathroom. This feature not only provides on-site accommodation for potential owner-operators but also adds to the property's overall versatility.
This prime freehold property with stunning water views, strategic location, and extensive facilities presents a lucrative investment prospect for both investors and owner-operators alike. Whether it's setting up a thriving hospitality venture or exploring other possibilities, the property offers a blank canvas for the most imaginative minds.
For further details and to seize this wonderful opportunity, contact Madison Fox on 5923 8119.
The rear block has a sealed car park with 20 car spaces.
The front block is currently operating as an art gallery and 20 seat cafe with 180 views over the waters of Westernport. There is planning approval for a liquor license, led lighting, 1,000 litre greasetrap, split system, Wega 2 head espresso machine, cake display, kitchen with 6 burner stove, commercial rangehood and dishwasher. The gallery/showroom floor area is 153sqm and features a storeroom, separate office and toilet, 2 x large capacity ceiling cassette air conditioners and LED track lighting throughout. Additionally, there is a rear one bedroom residential one bedroom unit with kitchen and bathroom.
The building has been extensively renovated. There is also wheelchair access and disabled toilet amenities plus back to base alarm system.
Contact Madison Fox for further details. This is a wonderful opportunity for an investor or owner operator.
Property History for 57 Phillip Island Rd, San Remo, VIC 3925
- 26 Feb 2024Sold for $1,952,500
- 08 Dec 2022Listed for Sale CONTACT AGENT
- 26 Jul 2016Listed for Sale $1,600,000 ONO
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0About San Remo 3925
The size of San Remo is approximately 15.3 square kilometres. It has 2 parks covering nearly 0.5% of total area. The population of San Remo in 2011 was 1,083 people. By 2016 the population was 1,245 showing a population growth of 15.0% in the area during that time. The predominant age group in San Remo is 60-69 years. Households in San Remo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in San Remo work in a professional occupation. In 2011, 69.5% of the homes in San Remo were owner-occupied compared with 68.7% in 2016.
San Remo has 2,122 properties. Over the last 5 years, Houses in San Remo have seen a 62.07% increase in median value, while Units have seen a 47.93% increase. As at 31 October 2024:
- The median value for Houses in San Remo is $831,845 while the median value for Units is $551,731.
- Houses have a median rent of $560 while Units have a median rent of $430.
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