WANTED!! Astute Commercial Developer - $1500000

Click here to search '2019 local prices' for  48-54 Smythe Street, CORINELLA, VIC, Australia, 3984


Just released in Corinella -Victoria's best kept secret, this 1 acre commercial block of land includes a general store with an existing secure long term lease. Corinella is without question a beautiful coastal hamlet with a population growth of 59% between 2001 and 2006 making it an ideal investment location. With a number of residential developers doing very well over the past years, it is now time for the commercial sector to cash in. This one acre of commercial land for sale has an existing general store, offering postal services, take away food and fuel plus a three bedroom residence on the second level with great views over Westernport bay and French Island. Planning permits have been approved for three retail shops each approx 102sqm (Estimated value built $225,000 - ROI approx 6.4% each) A shopping strip at the entrance to this seaside village would offer local and surrounding residents a welcomed alternative to the current 25 minute drive for goods and services in Wonthaggi & or San Remo. Another option is a motel with a tavern facility to accommodate the growing number of visitors and existing permanent population.This site has the potential for a variety of uses STCA and is well positioned for future growth.

Was for Sale

Place: 48-54 Smythe Street, CORINELLA, VIC, Australia, 3984 Average Price in CORINELLA ...