1223-1229 Point Nepean Road, Rosebud, VIC 3939

Investment | Development/Land | Other

Sold

Sold

  • Property ID: 281371
  • Floor Area: 646m²
  • Land Area: 1946m²
  • NBN Availability: Service Available
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 11/03/2018 646m2 1946m2 Contact Agent
Rosebud’s Most Iconic Site !

One of the most iconic properties in the Mornington Peninsula is now available for sale via Expressions Of Interest closing Wednesday 28th February 2018 at 3pm.

This tremendous 1,946m2* corner site consists of a huge 46.3* metre frontage to Point Nepean Road and a 36.7* metre frontage to Second Avenue. Current improvements comprise a substantial single level building of approximately 646m2* + 290 m2* of canopy area and currently leased to Top Fun Pty Ltd offering a 36 hole miniature golf, ten pin bowling and a range of arcade games.

Strategically positioned on Point Nepean Road, 160m* from Rosebud foreshore, the property sits amongst the renowned Rosebud retail strip with a multitude of cafes / restaurants, Aldi and Woolworths supermarkets, Rosebud Plaza, Rosebud Hospital and Rosebud Primary School all within close proximity.

This is an outstanding opportunity for an owner occupier to capitalize on this tremendous location and current improvements, investor or developer to construct a medium to high density residential development (STPA) due to a favorable General Residential 1 Zoning. Mornington Peninsula Shire have advised that there has been a proposed rezoning approved by council in which the subject property will be re-zoned to a Mixed-Use Zoning.


Rosebud is considered one of the fastest growing beachside suburbs on the Mornington Peninsula. Combined with easy access to the south-eastern suburbs and Melbourne CBD approximately 60kms away via the updated Peninsula Link.
With strong appeal for a beachside lifestyle and growing demand for new residential houses this will help ensure a successful future development.



Property Summary:
- Substantial land area of: 1,946m2*
- Total building area: 646m2* + 290m2* of canopy area
- Huge combined 83 metre* frontage
- Current rental of $180,000.00 p.a
- General Residential 1 Zone
- Approved re-zoning to Mixed Use
- Business as usual

Please contact CVA for further details.
*Approximately

Additional Information
Features
  • Zoning: General Residential 1 Zone Schedule 1
  • Suitable Development: Residential, Retail, Motel, Medical, Hospitality
  • Permits Issued: Nil
  • Lease Term: Three (3) Years
  • Rent Review: 3% Annually
  • Car Spaces: 14 onsite
Rosebud Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $482 ---
Industrial $1976 --- ---
Retail --- $304 ---
This is the average advertised price, rent and yield for Rosebud, VIC 3939*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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