A PRIME block of land located near the heart of Torquay is set to be sold.
The Splish Splash Carwash located on Bell Street has been listed as an opportunity for developers, with Colliers calling the property “a unique proposition for any savvy developer or investor”.
Owners of the 869sqm corner site are now seeking a buyer with the property listed for sale by tender set to close on March 11.
Colliers has called the pending sale an “opportunity like no other” with a buyer able to generate a holding income from the carwash services until finalising any plans for the site.
“The current car wash infrastructure will remain on the site comprising of five manual wash bays along with five vacuum bays,” the listing states.
“This is a complete turnkey set up and has assisted this business to thrive over a number of years.”
The Great Ocean Road gateway location is said to feature high exposure with up to 60 metres of frontage to both Bell Street and the Geelong Road.
The area is believed to suit a range of opportunities across the commercial, retail and hospitality industries.
The car wash’s neighbouring land was previously earmarked for a five-storey hotel development,but ths is no longer going ahead, partially because the land was sold late last year.
Plans for a 128-room hotel on that land were dismissed by the Victorian Civil and Administrative Tribunal after the developer, Barnes Capital, did not respond to a December deadline and also did not attend a scheduled appeal hearing.
The Hotel Indigo proposal drew strong opposition from the local community and the Surf Coast Shire council as it exceeded the three-story height limit for the area.