Name: 646 Nepean Highway, MOUNT MARTHA, VIC 3934
Address: 646 Nepean Highway , VIC, Mount Martha, VIC, 3934
Telephone: +61 422 564 199

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SOLD

646 Nepean Highway, MOUNT MARTHA, VIC 3934

Properties / Sold / Victoria / Mount Martha

Development Potential

1. Property Summary

Property Type

Residential

Land Area

45,500 m² (*approx)

Selling Method

SOLD: Closing Friday 5th May at 2.00pm

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2. Property Highlights

Once in a lifetime opportunity to secure 4,55ha* of the prestigious Mornington Peninsula

+ An exceptional residential zoned corner landholding spanning over 45,500sqm*

+ Outstanding exposure with multiple street frontages of 157m* to Nepean Highway and 280m* to Craigie Road providing flexibility for building design and access points

+ Existing commercial improvements, with strong leaseback income set at 5% of purchase price

+ Would ideally suit a residential, apartment or aged care and retirement living development (STCA)

+ A strong median house price of $945,000** which has experienced over 20% capital growth over the past 18 months

+ An amazing blue-chip coastal location in Mt Martha within easy walking distance to the beach & foreshore reserve; only 1km* to Benton’s Square Shopping Centre and 3km* to Mornington retail, food and lifestyle precinct

For Sale via Public Expressions of Interest closing Thursday 4th May at 5.00pm

For more information please contact the CBRE Victorian Development Sites team:

David Minty

+61 422 564 199

Julian White

+61 422 764 137

Josh Twelftree

+61 452 524 985

*approx