3 Layard Street, Dromana, Vic 3936
Sold: $875,000 (10-17-2016)- hotel 3
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* AUCTION THIS SATURDAY 15th OCTOBER @ 1.00pm*
It may not be the castle as in the iconic Australian movie but you will be dreaming if you secure this priceless position. 1008m2 of prime real estate with a glorious north orientation to the dazzling bay at Dromana. The 25m frontage x 40m depth would ideally suit a 2 or 3 lot redevelopment STCA to capitalise on a highly sought after location amongst the cream of Dromana real estate. Access to the beach is but a stroll down the laneway to a path to the beach. The existing castle is quirky to say the least but enjoys a solid history of consistent rental returns. (Currently returning $ 1068 pcm). 3 bedrooms, 2 living areas and an elevated lounge area with a wide deck to sweeping Dromana Bay, Shipping Channel and Port Philip Heads views. To be sold with the current tenant or available with vacant possession you could be in for summer or retain the existing arrangement whilst you plan your future. Enquire now for further details as this property will be sold at or before auction on the 15th October, 2016.
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