19 The Esplanade, Cowes, VIC 3922
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Beachfront Development Site with Plans & Permits for 20 Apartments
This "shovel-ready" development site is located on Phillip Island's best street, and features delightful north-facing views over Westernport Bay to Hastings and French Island.
It currently features a huge four bedroom holiday mansion which was constructed in the mid-1980s.
You can sit on one of the huge decks, swim in the pool or simply cross the road and frolic in the calm ocean waters!
But the real value here is the approved plans and permits for a four storey apartment building with basement car parking. You do the maths - with a developer margin of 30% this project is ready to roll and is heading out the door shortly!
Click on Virtual Tour to review detailed information memorandum.