157 Melville Terrace Manly, QLD 4179

Mortgagee In Possession - Will be sold at auction!

An extraordinary chance to secure one of the last remaining large landholdings in Manly Village, offered for auction with a clear instructions, the property must be sold! Opportunities of this scale in Brisbane's tightly held bayside precincts are increasingly rare.

Spanning two lots totalling 1,012sqm, there is significant value in the land although the house itself is large, very liveable and presents outstanding opportunity to live in, land bank, secure a holding income while development is progressed, or a multitude of other options.

Possessing the ideal combination of size, zoning, and location, large blocks with so much potential within walking distance of the Village, the waterfront, and quality schooling are now almost impossible to replace, making this a standout opportunity for owner-occupiers, developers, and long-term landbankers alike.

The existing three level residence is privately positioned behind established gardens and offers generous accommodation for families. The upper level captures glimpses of the bay and islands, while the home also features a large, private inground pool and exceptionally large sheds, a rare and highly practical inclusion in this location. The property is immediately liveable, with clear scope to renovate, reimagine, or redevelop.

Zoned Low-Medium Density Residential (LMR2), the site provides multiple future pathways, including the potential for multiple dwellings (STCA), while retaining the flexibility to enjoy the home as-is.

Positioned within the Manly State School catchment, and moments from some of the Bayside's most loved lifestyle hubs, including Manly Harbour Village, Royal Queensland Yacht Squadron, waterfront walking tracks, cafés and restaurants, this address combines everyday convenience with long-term capital appeal.

Key Highlights:

+ 1,012sqm across two lots - one of Manly's last remaining large parcels
+ Premium bayside location within Manly Village
+ Manly State School catchment
+ Prestigious private schools close by include; Moreton Bay Boys College, Moreton Bay College, St John Vianney's, Iona College
+ LMR2 zoning with future development potential (STCA)
+ Liveable home with renovation or redevelopment upside
+ 3 large sheds

This is a rare convergence of land size, lifestyle, and future potential in one of Brisbane's most desirable bayside suburbs.

The Mortgagee has set a sale date of Saturday 14th March with the auction to take place on-site at 2:30pm. All pre-auction offers are to be made in writing on auction terms for submission to the Mortgagee but if not sold, it will be sold on the day.

Contact marketing agents Zoe O'Connor on 0413 832 418 or Brandon Wortley on 0447 269 591 for further information.

**This property is being sold by auction or without a price, and therefore, no price guide can be provided. The website may have filtered the property into a price bracket for functionality purposes.