Address available on request, Wye River, Vic 3234 - More Details
$1,900.000
A rare opportunity to secure an architect-designed luxury residence in one of the Great Ocean Road's most sought-after locations. Designed by renowned architectural practice Cera Stribley, this exceptional property presents the opportunity to complete a landmark coastal home to your own specifications.
Positioned high above Wye River to capture breathtaking ocean views from both levels, the residence has been thoughtfully designed to maximise natural light, privacy and the spectacular coastal outlook.
The property benefits from all relevant Planning and Building Permits being in place, providing confidence for the incoming owner and allowing the project to continue without the delays and uncertainty often associated with obtaining approvals. Construction to date has been undertaken by a registered builder and completed to a high standard.
Significant progress has already been achieved, with the structural frame completed and the Frame Stage Inspection successfully passed and approved by the Building Surveyor. Substantial site works have also been completed, including retaining walls, driveway access and the onsite wastewater land application area, reducing both risk and construction time for the incoming owner.
A key point of difference is the home's robust construction methodology. Unlike many residential properties in the area, the residence has been designed and constructed using a combination of structural steel, concrete and blockwork, creating a level of durability rarely seen on elevated coastal sites in Wye River. More akin to a commercial-grade structure than a conventional timber-framed home, this approach provides exceptional strength, longevity and resilience in a challenging coastal environment.
The substantial construction system has also been carefully considered for the site's elevated setting, delivering enhanced stability and providing confidence in relation to bushfire resilience and land-slip considerations when compared with more traditional construction methods.
The home has been designed to accommodate either a four-bedroom layout or a three-bedroom plus home office configuration, offering flexibility for permanent living, luxury holiday accommodation or a premium investment opportunity.
For builders, developers and sophisticated investors, this represents a rare opportunity to acquire a partially completed, architect-designed coastal residence with the potential to create a landmark home in Wye River. Based on current estimates, a purchase at approximately $1.9 million and completion costs of around $650,000 has the potential to compare favourably with an expected completed value in the order of $3 million, subject to market conditions and purchaser due diligence. Potential luxury holiday rental income of approximately $150,000 plus per annum*
Whether you are a builder seeking your next premium project, an investor looking to unlock significant value, or a buyer wishing to create a world-class coastal retreat, this property offers a unique combination of location, design excellence and construction progress.
The property's elevated position captures spectacular coastline and ocean vistas, creating the foundation for an extraordinary Great Ocean Road residence. With many of the difficult and costly early works already complete, a rare opportunity exists to bring an exceptional architectural vision to life in one of Victoria's most tightly held coastal communities.
Property Highlights
Designed by acclaimed architectural practice Cera Stribley
All Planning and Building Permits in place
Constructed to date by a registered builder to a high standard
Sweeping ocean views from both levels
Flexible 4-bedroom or 3-bedroom plus office layout
Structural frame completed
Frame Stage Inspection passed and approved by the Building Surveyor
Commercial-grade construction incorporating structural steel, concrete and blockwork
Exceptional durability and longevity in a coastal environment
Enhanced resilience for the elevated site location
Retaining walls completed
Onsite wastewater land application area completed
Formed driveway and vehicle access
Dedicated parking area plus additional off-street parking
Significant construction and site infrastructure already completed
Potential completed value in the order of $3 million*
Attractive opportunity for builders, developers and investors
Opportunity to complete to your own specification
Strong appeal as a luxury residence, holiday home or investment property
Premium Great Ocean Road location
A rare opportunity to acquire a premium coastal asset where the hard work has already been completed, allowing the incoming owner to focus on delivering an exceptional luxury residence with breathtaking ocean views.
Estimated completion costs and potential completed value are indicative only and purchasers should undertake their own investigations and due diligence.
For enquiries please phone: 0429 621 644
- Type
- House
- Bedrooms
- 4
- Bathrooms
- 3
- Area
- 821 m²
- House Size
- 240 m²
