Uniquely exclusive, this commanding 1930s apartment block comes with an approved permit to restore the historic grandeur of this beautiful architectural masterpiece and add additional ultra-premium luxury apartments with stunning bay views. Enjoying a prestigious beachfront position, 51 Ormond Esplanade is the pinnacle of development/long term holding opportunities where developers and investors alike can capitalise on the future growth potential provided by the magnificent front cover of this Art Deco beauty with its timeless appeal, the spectacular coastal views, the approved roof terrace with pool and the iconic address.

Beachfront land commands some of the highest square metre rates ever achieved for apartments and here is a building you can invest in confidently for premium outcomes and your financial future. Elwood has already proved itself with record setting apartment prices across bayside and this exceptionally conceived boutique development has immense points of difference that fastidious buyers will see add up to an important competitive edge. Sensational Elwood location with the Village, cafes and shops only minutes away.

Key Investment Highlights:

• Corner development site of 971m²*
• General residential zone 1
• Approved permit and plans to restore 1930s building with modern interiors and add new luxury apartments
• Approval for expansive roof terrace with pool and huge entertaining area with phenomenal Bay Views, City views & breathtaking sunsets
• Water facing apartments
• Large outdoor areas
• House-sized apartments (carefully considered)
• Existing rental income $136,764* p.a providing short term holding income
• Designed to have wide appeal for owner occupiers and down-sizers
• Prestigious position opposite the beach and minutes to Elwood Village shops & transport
• Walking distance to schools, parks, train and tram
• Located in one of Melbourne's best performing suburbs

51 Ormond Esplanade is for Private Sale. Colliers International and Chisholm & Gamon strongly recommends this truly rare opportunity for your consideration or risk waiting a lifetime for the next one.