Plans Lodged to Subdivide Historic Phillip Island Homestead

Development stalwart Bruno Grollo bought the prominent house in 1982. However, citing a lack of use, his son Daniel, who now runs the family construction business, tried to sell the estate for $8 million in 2007 before withdrawing it from the market.

Overlooking Cleeland Bight and the Phillip Island Bridge, Woolamai House appears on the council’s Bass Coast Planning Scheme as being suitable for residential development.

Grollo’s new application, which is being exhibited, would see the estate split into 69 blocks – the smallest, at 460 square metres. “Small high density development” would be permitted.

Across Western Port, in Sorrento, Myer family member Richard Shelmerdine was recently granted approval by the Victorian Civil and Administrative Tribunal to split a historic property, The Sisters at 3080 Point Nepean Road, five ways.

In January, when the first block within that subdivision was listed for sale (and later sold for some $6 million), In April, another larger piece hit the market with price expectations of $10 million. Mr Shelmerdine paid $18.4 million for the entire 1.2 hectare block in 2008.

 

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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