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Presenting a fantastic opportunity for owner-occupiers or developers, this generous block of land with original coastal cottage provides approx. 898sqm in a convenient location near the beach. Bring the plans to create your own new home or make the most of the block by constructing townhouses for investment (STCA), with 2-storey homes potentially offering bay views.Set around 1km walk to stunning McCrae beach and McCrae Plaza shopping centre, it's also ideally positioned to explore the Peninsula, with easy freeway access nearby.- Large corner block approx. 898sqm ideal for multiple townhouses (STCA)- Investment potential, could be used for holiday home or ongoing rentals- Cottage could be demolished to make way for your own new home (STCA)- 2 storeys may provide Arthur's Seat State Park or bay views- Easy access to freeway and all Mornington Peninsula's attractions- 800m to McCrae Plaza, with supermarket and a range of shops, cafés - Around 1km to stunning McCrae beach, Bay Trail, foreshore playgrounds- Approx. 2km to Rosebud's cafes, schools, and medical facilities