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38-40 Panorama Road

$1,150,000 | St Georges Basin

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Not Just Once In A Lifetime… Once In 4 Generations

The prospect of securing over an acre of land on two adjacent titles backing onto the tranquil waters of St Georges Basin really is something extraordinary.

On offer a total of 4,293 sqm with two large separate lots (1,745 sqm & 2,548 sqm) with approx. 44.9m total frontage located at the end of a no through road.

This property could be your next development project. The site is zoned R2 low density residential. Within the zone, dual occupancies are permitted. With two allotments, STCA & subject to bushfire and flooding constraints, there is the theoretical possibility of building 2 x dual occupancies on the land (one dual occ on each title).

Or maybe you’ve been waiting for the perfect place to build your dream home. Here you have the luxury of building on one block, selling the other or holding both for your family’s future.

With dual occupancy potential, you could cleverly design separate holiday accommodation or perhaps a luxury bed & breakfast, tucked away from your own private residence (STCA).

The original fisherman’s cottage can be utilised whilst plans are being approved. A new roof, gas hot water service and split system air conditioner have been added in recent years. If renovation is more your expertise a boundary adjustment would give you the ability to restore this iconic residence, and at the same time unlock the value in the land.

Many options. One buyer. The choice is yours.

For more information or to book your own private inspection please contact Gary Hall on 0490 334 124.

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