First National Real Estate Phillip Island are pleased to offer for sale this residential development site via Expressions of Interest. 231-233 Settlement Road, Cowes comprises a residential home and current out buildings and office associated with the current use of timber sales. The property is situated with a frontage to the southern side of Settlement Road, west of the intersection of Thompson Avenue, within the holiday resort
locality of Cowes on Phillip Island. The subject property is located within 1100 metres of the foreshore reserve of Western Port Bay and approximately 280 metres west of the retail
centre of Cowes. The Melbourne Central Business District is approximately 145 kilometres
north west of the subject property.The land has a frontage to Settlement Road of 37.62 metres by a depth of 149.19 metres (block dimensions are not of equal size).
The site has an overall land area of approximately 8,045 square metres.The property is included within the Bass Coast Shire Council and is included within a 'Mixed Use Zone' under the provisions of the BassCoast Planning Scheme.
The land is also affected by a 'Design and Development Overlay (DDO)', 'Design and Development Overlay-Schedule 4 (DDO4)', Environmental Audit Overlay (EAO).
The planning maps provide only a basic guide to zoning classifications
within the scheme and to accurately determine the current situation, a
Planning Certificate would be required from the Department.
Erected on the land is are as follows
- 2 bedroom home with 2 living area
- 34 metre x 6 metre open face shed
- 29 metre x 12 metre enclosed shed with 3 phase power
- 57 metre x 8 metre timber shelving rack
- 13 metre x 8 metre office and retail space
The possibilities are beyond endless with this property which has only had single ownership, including letting the home on a permanent rental basis whilst planning the re-development. Posing an excellent opportunity for the asute developer or investor, the allotment is For Sale. Your personal inspection is welcomed and First National Phillip Island recommends the property for your consideration
For further information, please contact George Auddino on 0417311942.