Investment | Development/Land | Other

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 Residen...