Situated a 350m stroll from the beautiful Capel Sound foreshore, presenting an unmissable opportunity to secure a coveted position. Set on an expansive allotment of 1010sqm with a frontage of 18m and length of 54m (approx.). The site itself is brimming with possibilities, including renovating/extending the existing dwelling, building your dream home to the rear, or subdividing and selling off the properties individually (STCA). With excellent options for land banking and development, including dividing the property into two and creating two luxury homes. • Concepts of an architecturally designed renovation & a single story 4-bedroom home with a double garage to the rear. • Complete/rebuild the elaborate renovation, and develop the rear (STCA) • Level site within a quiet no through road • Walk to the beach in a matter of minutes Perfectly positioned between both Rye and Rosebud's sought-after beaches, shopping, and café precincts, along with Vern Write Reserve, the Capel Sound Foreshores camping ground, Rosebud Secondary Collage, Tootgarook Primary School, plus quick access onto the Peninsula Link for an easy commute into the city. Call today for your copy of the concepts, further information or to arrange an inspection of the site. Sizes/distances listed are approximate