A short 400m walk to the pristine waters of Rye Foreshore with a coffee in hand from the choice of trendy cafes on the way, this 1,012sqm (approx) parcel extends a fantastic opportunity to build a lifestyle development by the sea with space to move and fresh seaside air.

Complete with endorsed plans and permits for three contemporary 3-bedroom, 2-bathroom townhouses, this superb property with three existing comfortable units provides the desirable opportunity for liveable accommodation whilst you get the finer details sorted.

Away from the hustle and bustle, you are close to all the area has to offer, including the vibrant foreshore, excellent schools and array of fabulous eateries the Peninsula is renowned for yet, you're still just over an hour from Melbourne via the Mornington Peninsula Freeway/Peninsula Link.

The potential is obvious to capitalise on the fantastic position, barely a five-minute amble to the sand, or strike out in the opposite direction to access the stunning back beaches, hinterland wineries, renowned golf courses, and so much more!