399 Bay RoadCheltenham

The Southland precinct’s broadest, brightest buy comes with multiple options to multiply rewards! Stretched beyond a wider-than-usual 16.8m frontage on the sunny north-side of this Southland precinct address, this broad approx. 590sqm property comes with a charming weatherboard home …and wide possibilities (Subject to Council Approval). Plan to develop this well-positioned site less than 250m to Southland (and its station) and maximise the value in this approx. 16.8m frontage with a clever dual-occupancy development designed to take advantage of good street presence, great northerly rear sun, and an always in-demand beachside of the Highway address. Or take inspiration from existing and forthcoming apartment development in this Bayside hot-spot, secure this central position today and grow your landholding tomorrow to accommodate the exciting opportunities that will come with the future Suburban Rail Loop station just 5 doors away at William Fry Reserve. Maybe even think outside the square and investigate the medical, professional or childcare potential of this high-visibility site. So close to Southland, and easily accessible via the station, this high-profile position holds unlimited options. There’s also the excellent option of retaining the solid up-to-three bedroom home already here. Built with the generous proportions this broad block allows, this freshly carpeted home features separate lounge and dining rooms, a vast eat-in kitchen and a versatile third bedroom/study plus separate sleep-out/home-office. Updated with fresh new carpets, ducted heating and split-system air-conditioning, this spotless home provides a welcoming base for future renovation …or a readily rentable home-base until it’s time to start afresh. For more information about this widely versatile Southland precinct property, please contact Peter Hickey or Stefan Delyster at Buxton Sandringham.