Renovate or detonate! Enjoying a blue-chip seaside position just 550m to Rye's vibrant town centre and powder-white sands of the calm bay beach, this original beach shack is set on a flat, elevated 1,103m2 (approx) allotment and offers bonus rear street access invites endless possibilities to reimagine into a contemporary beachside home featuring views of the bay. Superbly situated and poised for a transformation or demolition to make way for a brand-new residence (STCA), the three-bedroom home captures bay views from the deck and living room, while a savvy eye will immediately spot the potential for a further expanded bay vista from an upper level. The existing single-level residence features hardwood timber flooring throughout with separate north-facing living and dining zones, a simple kitchen with gas stove and servery window to the lounge, a full family bathroom, two toilets, a vintage potbelly stove and two further heaters. Outside, the expansive backyard houses a detached bungalow with vehicle access from Derwin Lane at the rear, while the 17.2 x 60.8 x 19.3 x 76.5m site is versatile and wonderfully accessible for the construction of a new home and swimming pool. Positioned at the end of a quiet, dead-end street, the property is just a few minutes' stroll to cafes, shops and restaurants, and of course the glassy waters of the stunning Rye foreshore. A dream site for sea changers, holidaymakers and developers alike, golf courses, hot springs, surf beaches, yachting facilities, wineries and everything the Mornington Peninsula is celebrated for are also just a short drive away. To be notified when inspections of this property are available, to be sent a copy of the Contract and advised of property updates, simply submit an enquiry on this page. Belle Property is proud to be offering this property for sale. For further information, please contact Tim Bradler on 0400 312 412 [email protected] Disclaimer: Whilst every care has been taken in preparing the property information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.