Attention Investors! An exceptional opportunity for development awaits at 493-495 Nepean Highway, Chelsea. This 1,220 sqm prime location boasts three street frontages, providing incredible design flexibility for a range of possibilities. Whether you're interested in office, commercial, mixed-use, or residential development (STCA), this site is perfect. The property has the potential to accommodate 6 commercial spaces and 6 residential units, or alternatively, 12 luxury residential townhouses with captivating water views. Property Highlights: • Land area: 1,220 square metres* • Three street frontages, including: • Nepean Highway: 31m* • Chadwell Grove: 40m* • Just 150m away from the popular Chelsea Beach • Current lease includes two retail tenancies and one adjoining residential house Furthermore, the location offers unbeatable convenience, with the beach just 150 meters away, Bonbeach or Chelsea station within 700 meters, Chelsea Shopping Center at a 700-meter distance, and Patterson River Golf Club and Bicentennial Park within 1.5 km. Schools, cafes, shops, clinics, trains, buses, gyms, parks, and various other amenities are all easily accessible on foot. This development opportunity is not to be missed! Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist