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646 Nepean Highway Mount Martha, VIC 3934

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646 Nepean Highway,
Mount Martha, VIC 3934

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

  • 45,500sqm* residential zone
  • Strong holding income
  • Townhouse/apartment/age care (STCA)
+ 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 1...

Julian White
+61 422 764 137

Josh Twelftree
+61 452 524 985


*approx

Property ID: 502354054Last Updated: 21 Sep 2017

04225641...
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646 Nepean Highway
Mount Martha, VIC 3934

Detailed listing

CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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