80 The Terrace, Ocean Grove.

The Feel:
Located in the vibrant retail strip of The Terrace, this freehold commercial building sits on a 320sqm (approx.) site, and provides a wonderful opportunity for investment, owner occupation, or outstanding potential for redevelopment. Underpinned by favourable Commercial 1 Zoning, the property features a restaurant fit-out and convenient rear laneway access. Buyers may choose to trade from this premium location or lease back to the existing, longstanding business. Meanwhile, current planning controls allow for a 13.5m height limit, providing an outstanding opportunity to incorporate residential facilities that capitalise on sweeping ocean views (STCA).

The Facts:
-Rare freehold commercial building in Ocean Grove's thriving main street
-Unique opportunity to redevelop, occupy or invest in a strategic position
-Commercial 1 Zoning lends itself to a range of occupier uses
-Explore the options for commercial office, medical, food & beverage, or residential conversion (STCA)
-Currently operating as Ocean Grove Pizza & Pasta, considered a local institution
-Available as vacant possession, or with the option for the longstanding business to stay on as a tenant (long or short-term lease)
-Set across a 320sqm (approx.) site with convenient rear lane access
-Prominent 8.9m street frontage, benefitting from a high degree of daily foot traffic
-Existing facilities include commercial kitchen, office & storage space, accessible bathroom
-Also presenting as an outstanding opportunity for developers who wish to maximise the site's potential
-Capitalise on sweeping ocean views from future second & third storeys (STCA)
-Situated in arguably Ocean Grove's premier location, surrounded by boutique shops & national retailers
-Easy access to public transport & just 300m to popular Ocean Grove beach

*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own inquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.