Dream Development Opportunity

54 Presidents Avenue, Ocean Grove VIC 3226

  • 3
  • 1
  • 1
  • 828 m2


Ripe for regeneration in a supremely central Old Grove locale, this listing offers magnificent scope. With a large allotment size of approx. 828m2, the choices to redevelop are here. There is the opportunity to occupy the existing home, build in the rear of the block, upon completion, redevelop the front sector. The house is comfortable with 3-bedrooms, family friendly open plan kitchen and dining, and the cosy lounge is separately zoned. Otherwise reset the whole block completely at the same time with two new buildings. This location boasts a premium walk score, you can stroll down to the Village Green and lifestyle shops in 5-minutes. In less time, walk the children to the zoned Ocean Grove Primary School. Strap the surfboard to the bike and be in the waves inside a 10-minute cycle. The march of gentrification has quickened across Old Ocean Grove, and investment opportunities to leverage from this shift are becoming limited. With the affordability of this site and the property growth in the area, the attraction for developers is undeniable. The resources of expertise and skills required to design from concept through to completion are all here in this construction hotspot of The Bellarine Peninsula. What are you waiting for! All development STCA. Currently tenanted.

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Agent Details

Hugh McKewan

Director / Licenced Estate Agent

 (03) 5255 1000


Inspection Times

Property Information

  • Type Residential Sale
  • Price $640,000
  • State VIC
  • Suburb Ocean Grove
  • Property Type House
  • Land Size 828 m2

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