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Beachfront Two Homes, Two Titles - Unrivalled Redevelopment Opportunity!
1/30 AND 2/30 OXFORD TERRACE, CHELTENHAM BEACH
Precision Real Estate is excited to present to the market this exceptional beachfront opportunity on highly sought-after Cheltenham Beach. Situated on an absolute prime, large beachfront site offering 1,219m2 of land the opportunity comprises of two stand-alone dwellings with two separate titles. Both homes were built in the 1980s but will require remedial works or full replacement if one so desires. This presents a rare and unique prospect for the area as neither house is constrained by heritage rules which allows for them to be demolished. This enables you to start from a blank canvas almost unheard of in Cheltenham. There are a number of potential options for purchasers to consider.
1. Keep the existing homes, occupying one and use the other for extended family, or as a rental/investment property.
2. Renovate the existing houses and land bank for capital gain.
3. Neither house is constrained by heritage rules. One could demolish the existing houses and build one magnificent home across the two sites. The current homes could provide some holding income for the purchasers in the interim.
Superbly located the property offers direct beach access, proximity to local shops and cafes in Cheltenham as well as being a short walk to central Devonport and ferry services.
If you have been looking to build your dream home on beachfront this is an opportunity not to be missed.
The Land Value component of the 2021 Capital Value is $8,750,000.
(Advertised Open Homes Are for the Beachfront Home Only)
EXPRESSIONS OF INTEREST CLOSE 14TH MARCH 2024 (UNLESS SOLD PRIOR)