Rarely does a property like this come to the market. This 1020 sqm block with 20m street frontage in the centre of Apollo Bay offers an array of opportunities. The property holds a prime location boasting uninterrupted views to the harbour, ocean and hills making this an enviable position within the township.
This property is perfectly located close to so many great established lifestyle amenities. These include the Golf Club, the Harbour and the Beach and the foreshore which provides entertainment at the playground for young children. It is minutes from the cafes, shops, and pubs. The added benefit of being located across the road from the Apollo Bay Gin Distillery and Pizzeria where you can share dinner/lunch experience with family and friends.
This Edwardian style home holds a special history in Apollo Bay as it was built in the 1920’s for the school principal. It now awaits someone with the design and creative skills to bring it back to its former glory. The house has 3 bedrooms, one bathroom and large kitchen and separate living room. The house underwent major works in 2013, it was fully repainted inside, new electrical wiring and switchboard and new plumbing throughout. The bathroom was fully renovated with new flooring, shower, bath, toilet, and vanity. The backyard is fully enclosed with new fencing to suit pet friendly owners.
The house currently has permanent tenants and receives a rental income of $20,800 a year, the lease is until the 22/2/22. This allows time and money whilst you plan your next steps. This property will appeal to investors as it offers an array of so many options.
Option 1: renovate the property and enjoy this spacious block in the centre of Apollo Bay.
Option 2. Subdivide the block (STCA), keep the old house, and build a second.
Option 3. Build you dream home in a sought-after position within the township (STCA)