493-495 Nepean Highway, Chelsea, Vic 3196

For Sale

493-495 Nepean Highway, Chelsea, Vic 3196-Image

493-495 Nepean Highway, Chelsea, Vic 3196

$2,388,888 - $2,627,776

House

Type

Bedrooms

Bathrooms

Parkings

1,220 m²

Area

Last updated on Saturday, June 13, 2026 ( See property details for 493-495 Nepean Highway, Chelsea, Vic 3196)

$2,388,888 - $2,627,776

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare development opportunity on a large corner site in Chelsea, offering versatile options for residential, commercial, or mixed-use projects with exceptional water and bay views.

🏡 Property Highlights

Substantial 1,220 sqm landholding with three street frontages
Prime corner site offering exceptional development flexibility
Potential for up to 6 commercial tenancies and 6 residential apartments (STCA)
Alternatively, opportunity for 12 luxury townhouses with bay views (STCA)
Existing income from retail tenancies and residential dwelling
Highly sought-after bayside location close to Chelsea Beach

✨ Key Features

Open-Plan Living
Waterfront / Views
Outdoor Area
Secure Parking
Balcony
Home Office / Study
Built-in Robes
Air Conditioning
Garage
Ensuite

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493-495 Nepean Highway

Chelsea, VIC 3196

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Suburb and Property Insights of Chelsea, VIC 3196

Chelsea is a vibrant bayside suburb renowned for its relaxed coastal lifestyle, excellent amenities, and strong community spirit. Key highlights include proximity to Chelsea Beach, a variety of cafes and retail outlets, and easy access to public transport and parks. The area offers a perfect blend of leisure, convenience, and growth potential, making it highly desirable for both residents and investors.

Frequently Asked Questions

What are the potential development options for this site?

The site offers potential for up to 6 commercial tenancies and 6 residential apartments or 12 luxury townhouses with bay views, subject to council approval (STCA).

How close is the property to Chelsea Beach and public transport?

The property is approximately 150 metres from Chelsea Beach, with nearby railway stations at Bonbeach and Chelsea within 700 metres, providing excellent connectivity.

What existing income streams are currently generated from the property?

The property currently generates income from two retail tenancies and an adjoining residential dwelling.

Are there any restrictions or approvals required for development?

Yes, all development options are subject to council approval (STCA), and potential buyers should verify zoning and planning regulations.

What amenities and facilities are available nearby?

Nearby amenities include Chelsea Shopping Centre, Patterson River Golf Club, Bicentennial Park, schools, cafes, restaurants, retail outlets, medical facilities, gyms, and parks.

What to ask about this property to agent?

Are there any existing easements, zoning restrictions, or planning overlays that could affect development plans? What are the potential costs associated with council approvals and development applications? Are there any known issues with the property's title, boundaries, or encumbrances? Is there any history of flooding, bushfire risk, or environmental concerns on the site? Are there any upcoming planning or construction projects in the vicinity that could impact the property’s value or development potential?

493-495 Nepean Highway, Chelsea, Vic 3196 - More Details

$2,388,888 - $2,627,776

Type: House
Bedrooms: 6
Bathrooms: 3
Parkings: 5
Area: 1,220 m²

493-495 Nepean Highway, Chelsea, Vic 3196 - Point Of Interest

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493-495 Nepean Highway, Chelsea, Vic 3196

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