63 Ellerina Road, Mount Martha.

Presenting an existing 3BR home on an incredible 2,023sqm approx. of land with exceptional views across the Bay to Arthurs Seat that can never be built out, only improved upon. Currently tenanted, for immediate ROI ($600pw, month to month basis) while you consider the options. This includes investing, gradually updating, commencing the stunning proposed home, or building a new home of your own design (Subject To Council Approval). In walking distance to the beach and a short drive to local shops, this is an exciting opportunity in an enviable location. The existing property: - The drainage easement in sale documents is inactive and is not an asset of South East Water - Currently has large lounge/dining/timber kitchen, with open fireplace - 1st floor covered deck for soaking up the vistas, plus laundry, study - Master BR with gorgeous views, walk-through robe, dual-access bathroom - Updated ground floor has 2BRs with BIRs, rumpus/storage, modern bathroom - Gas ducted heating throughout, RC/AC in living area, 6kW solar system - Large block has elevated rear garden with shed, cubby, treed surrounds The Potential: Previously endorsed plans from 2018* are available to view for inspiration on the unlimited potential of this type of property in this location. - The plans included a proposed 3rd storey extension with panoramic bay views from a master retreat with WIR & ensuite. - A substantial redesign of the second level providing new kitchen with island & butler's pantry, open plan living/dining space adjoining extensive decking leading out the proposed swimming pool. Additionally there will be a 5th bedroom, bathroom, new laundry and powder room. - Further enhancements include carport to be converted to double garage, plus additional storage room. For further information please contact Jarrod Eastwood on 0403 983 310 *Please note the 2018 Endorsed Plans have expired however are available to view upon request. (Final photo online is a 3d illustration of these expired plans)