470-474 Browns Road, RyeVIC

Rare acreage with permits approved for 3 lot subdivision. Attention builders, developers and those wanting a significant acreage with development potential. As land values on the Mornington Peninsula continue to rise and the availability for subdivision in the area almost gone, this property presents a very unique opportunity to purchase a large land holding with the ability to subdivide into 3 separate allotments. With generous sized building envelopes for the 3 allotments and access from 2 streets, the property is approx. 8594sqm. Offering a number of different options, you can design your own resort style residence with tennis court, swimming pool on a flat acre allotment, build on and sell the remaining allotments or land bank for future capital growth. Just minutes to the Ocean beaches, wineries, world class golf courses and many other attractions the Southern Peninsula is famous for. Don’t delay to experience the unique charm and ambiance you feel once standing on this land, this is an amazing chance to secure one of the last large lands holding with subdivision potential in a rapidly increasing property hotspot!