development site roundup: mornington peninsula

development site roundup: mornington peninsula

January 2016
Share article

Development Site Roundup: Mornington Peninsula

As an additional service to our clients & users, Development Ready will be producing a weekly snapshot of the best development sites for sale throughout Melbourne, focusing on one precinct / district each week.

This week, we look at what’s on offer throughout the Mornington Peninsula.

230-231 Station Street, Edithvale

This prime Bayside development opportunity is zoned General Residential Zone 2 and is positioned on more than 1900sqm of land directly opposite the busy Edithvale shopping precinct and nearby beach.

Offered exclusively through agents Savills Melbourne, a feasibility study has already been undertaken showing potential for 32 substantial apartments (STCA).

For further information, please visit:

176 - 178 Nepean Highway, Seaford

This unique corner development opportunity is positioned right on Nepean Highway granting nearby beach access and within close proximity to nearby amenities including supermarkets, petrol stations and Seaford Train Station.

Offered for sale through agents Teska Carson and boasting a land area of 2600sqm, this opportunity is ripe for development (STCA), following in the trend of similarly sized, nearby multi-unit projects.

57 Alicudi Avenue, Frankston South

A substantial holding of close to 21,000sqm is being offered with vacant possession through local agents Nichols Crowder.

Exceptional bay views are the drawcard here, and combined with General Residential 1 Zoning, this opportunity is likely to be a popular option for those seeking a gateway development on the Peninsula.

For further information, please visit:

1-6, 1 McDowell Street, Rosebud

Positioned directly behind the popular Rosebud retail strip, this 2500+sqm site through agents Roger McMillan currently comprises 5 x 1 bedroom units and a 1 x 2 bedroom unit that returns close to $70,000pa.

With beach access at the end of Jetty Road, and integrated facilities including a communal BBQ area and garden already in use, a re-development of this site would cater for the growing demand of permanent residents and holidaymakers relocating to the Peninsula each summer.

For further information, please visit:

2217 - 2231 Point Nepean Road, Rye

Situated on over 1700sqm of beachfront land sits this magnificent opportunity to develop 10 spacious apartments and 7 ground floor retail premises.

Offered for sale through agents Teska Carson via EOI closing on the 9th of March, 2016, this development is adjacent to the nearby Rye retail strip and benefits from a huge 41m street frontage on Point Nepean Road, with an additional 40m of frontage on Weir Street.

For further information, please visit:

To feature your property, please contact [email protected] or via calling (03) 9631 5476 or 0488 023 233.