Unrivalled elevated Ocean Grove position with outstanding potential

For those of us who commute along The Terrace in Ocean Grove to Collendina, and admire the houses along the way, one that has stood out for decades for its land size and elevated position is 153-157 The Terrace, sitting proudly at the intersection of Tuckfield Street and Emperor Drive.

With higher density dwellings surrounding it, this massive block in one of Ocean Grove’s most sought after locations has remained untouched for decades, and is now on the market with RT Edgar Bellarine.

Set to a picture-perfect ocean backdrop with coastline views extending all the way to Cape Schanck, this much-loved architectural residence spans over an impressive allotment of approximately 1891sqm, presenting a rare opportunity to renovate or redevelop in one of Ocean Grove’s most desirable settings.

RT Edgar sales consultant Nick Ford said this must be one of the most unique properties he has had the pleasure to list.

“Where else could you find nearly half an acre perched well above the coastline on one of Ocean Grove’s best addresses.

“The current well built single story sprawling residence manages to capture wall to wall views around the coastline and beyond.

“Whether you just want to enjoy what this wonderful property offers now, or plan to build your forever home, or fully explore the development opportunity, you couldn’t get a better address, you just can’t get built out here, your views are forever.”

Held by its original owners for 40 years, the existing mudbrick home has been masterfully designed to maximise its elevated position with wall-to-wall glazing drawing in the coastal outlook from multiple vantage points.

This solid home boasts high raked ceilings and exposed timber beams enhance the sense of space and character, solid timber floors flow throughout, and a split-level three-bedroom, two-bathroom floorplan showcases voluminous interior spaces that invite you to engage your architect and unleash your imagination.

The first-class credentials continue outdoors as a manicured garden paradise guides you through mature plantings and lush greenery to discover an inground swimming pool nestled at the base of the gently sloping site.

While its original attributes and solid construction present the ideal foundations for contemporary enhancement, the home’s inherent appeal lies in its unlocked opportunities for the future.

Explore the unrivalled potential to design and construct a trophy home or pursue the significant scope for a luxurious multi-dwelling development subject to council approval.

A rare opening in an elite seaside locale where the lifestyle is as impressive as the opportunity, this property sits within 750 meters of Ocean Grove’s vibrant retail and dining hub, while immediate access to Tuckfield Street enables a 300 meter walk to direct beach access, this is opportunity at its ultimate.

To be sold via expression of interest closing November 7 at 5pm (unless sold prior).

For more information, phone Nick Ford on 0407 731 512.