RARE TROPHY DEVELOPMENT SITE ON THE MORNINGTON PENINSULA WITH HOLDING INCOME!
Jones Real Estate is proud to present 7 June Avenue, Dromana, to the market For Sale via Deadline Private Sale closing Thursday 13 August 2026 at 12:30pm (AEST).
Dromana's industrial precinct has long been tightly held, with limited land supply and demand underpinning its appeal. As the Mornington Peninsula continues to grow, quality industrial development sites are becoming increasingly sought-after, with developers and land bankers keen to secure a foothold in one of the region's most established trade and service hubs.
7 June Avenue presents exactly this opportunity - a rare development site combining secured holding income with a clear path to future redevelopment.
Key highlights include:
- A substantial 2,052sqm* landholding within Dromana's tightly held industrial precinct.
- The lease includes a redevelopment and relocation clause, entitling the landlord to redevelop the site on 3 months' notice, providing developers with a clear, contractual pathway to proceed when ready
- Secured holding income currently secured from DRF Trading Pty Ltd trading as 'P.I.P.E.S Pty Ltd', returning $35,043.84 per annum + GST & Outgoings (as at 1 September 2026), complemented by a month-to-month lease to 'C-Spray', offsetting carrying costs during the planning and permit process.
- Improved with a 643sqm* building comprising functional warehouse, workshop and office accommodation, providing practical interim utility ahead of future redevelopment.
- Excellent connectivity, located 1km* to Nepean Highway, 1.6km* to the Mornington Peninsula Freeway (Peninsula Link) and 2.8km* to Point Nepean Road.
- Positioned within an established industrial precinct with limited land supply and strong long-term occupier and developer demand.
- Flexible Industrial 3 Zone (IN3Z), supporting a broad range of industrial, commercial and service-based uses (STCA).
*Approx.
STCA - Subject to Council Approval.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents at Jones Real Estate.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
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