Growth potential in Ocean Grove attracts a number of patrons, Bellarine Property, Peta Walter, 242-250 Grubb Rd, Melbourne patrons, land financial institution

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THE future improvement potential of a property on the outskirts of Ocean Grove has resulted in two events placing ahead gives in simply over per week.

The two.02ha property is zoned normal residential 1 and holds enormous potential for subdivision, topic to council approval.

Bellarine Property, Barwon Heads agent Peta Walter stated these two events noticed the potential of 242-250 Grubb Rd and wished to make it their very own.

The four-bedroom home.Supply:Equipped

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It bought above the highest finish of the asking vary for $2.25 million.

“It was a incredible outcome, we obtained an unlimited quantity of inquiry,” Ms Walter stated.

“All of the infrastructure popping out that method is giving patrons confidence shifting ahead with future improvement within the space.”

Melbourne buyers plan on land banking the property.

Melbourne patrons plan on land banking the property.Supply:Equipped

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Ms Walter stated the profitable patrons have been from Melbourne and would have a look at probably growing the location sooner or later.

“It’s in all probability a little bit of a land financial institution for now and they’re going to do their due diligence and have a look at doing a little improvement sooner or later,” she stated.

The present homestead on the location has 4 bedrooms, two loos and two enormous residing zones.

tessa.hayward@information.com.au

Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/development-potential-in-ocean-grove-attracts-several-buyers/news-story/877018aa016302f7ea8d6d76090e00d2

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