Lorne development trophy site on Great Ocean Road sells in three days
A Lorne home with gun barrel views over Shelleys Beach has sold for $1.15 million in just three days.
The property at 20 Ocean Road South was bought for its 680 sqm land, not likely for the old red brick home under corrugated iron roof.
The quick sale, which achieved its listing price, came with approved plans for a four bedroom trophy home, complete with swimming pool, lift, gym and theatre.
The property last traded for $945,000 in 2011.
Great Ocean Road Real Estate, Lorne agent Tyrone Provan and Michael Coutts sold the home.
Provan told the local paper the purchasers had been in the market for at least 10 months trying to find the right property.
“This came along with plans and permits for a new dwelling and they pounced on it,” Provan said.
“We are unsure if they will put those plans into place but it will be a project down the track.”
“It was going to be a quite expensive build if someone went through with the plans … I’m looking forward to seeing the finished product with the approved plans or their own plans,” he said.
The property is opposite Shelleys Beach and has an 180 degree view than can never be built out.
