249 Princes Highway

An exceptional opportunity awaits developers, investors and strategic land bankers with this substantial 1,164m² (approx.) corner allotment, offered with approved plans and permits for six architecturally designed double storey townhouses. Combining immediate holding income with outstanding future potential, this is a rare chance to secure a large scale development site where much of the hard work has already been done. With approved permits already in place, purchasers can bypass the lengthy planning process and focus on delivering their next project with greater confidence and certainty. Large, permit approved sites of this calibre are becoming increasingly scarce, making this an outstanding addition to any development portfolio. Occupying the site is a well maintained brick residence that provides excellent flexibility while future plans are considered. Whether retained as a rental investment to generate holding income or occupied in the short term, the home offers immediate practicality and comfort. Inside, the home comprises three generous bedrooms, each with built in robes, serviced by a central bathroom with a separate toilet. A spacious living and dining area enjoys an abundance of natural light and is complemented by timber flooring and split system heating and cooling, while the functional kitchen connects seamlessly to the adjoining meals area. Outdoors, an expansive undercover entertaining area, garage, carport and separate workshop further enhance the property's versatility. Positioned on the highly visible corner of Princes Highway and Harpur Road, the location offers exceptional convenience for both current occupants and future residents. Corio Village Shopping Centre, local schools, childcare facilities, medical services, parklands and public transport are all within easy reach, while the Ring Road and Princes Highway provide seamless access to Geelong CBD, the Waterfront and Melbourne. With approved plans and permits already in place, a substantial 1,164m² (approx.) corner allotment and an existing home capable of generating holding income, this is a rare opportunity to secure a development site that is ready for its next chapter. Whether you're an experienced developer seeking your next project or an investor looking to capitalise on one of Corio's increasingly scarce large landholdings, opportunities of this calibre are few and far between.