Views of the ocean and views of the bay are the main features of this magnificent vacant block set high in the heart of Rye. The property measures 3354 sqm, however approx. 2804 sqm is positioned on the proposed Mornington Peninsula Freeway extension which only leaves approx. 550 sqm BUT, that 550 sqm has magnificent views AND Vic Roads will pay compensation at the going rate whenever the Freeway goes through which according to them won’t be for another 20 years! So, with that said, until the Freeway goes through you can use the land for your own enjoyment safe in the knowledge that when and if the Freeway goes through, Vic Roads will pay the owner the going rate for the 2804 sqm that will be compulsory acquired. You do the sums! This property represents a great opportunity to the right person. Build your dream home and complete the picture.