614 Esplanade

Mount Martha VIC 3934

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› 614 Esplanade, Mount Martha VIC 3934

Sold on 4 Oct 2023

614 Esplanade Mount Martha VIC 3934

Hotel, Motel, Pub & Leisure
1.56 ha
Sold

The Mornington Peninsula's Most Lucrative & Significant 1.55 Ha* Landbank

15,552 sqm* Waterfront Land
Rare Commercial 1 Zoning
88+ Years of Hospitality Trade

Stonebridge Property Group and Wilson Property are pleased to present for sale 614 Esplanade, Mount Martha The Dava Hotel.

The key highlights of the opportunity include:

- One of Mornington Peninsula's most promising landbank opportunities with uninterrupted ocean views and an unmatched track record of trading success
- Positioned on a flexible and rare 15,552 sqm* Commercial 1 Zoned waterfront landholding that provides exciting future development possibilities (STCA)
- Currently operating as The Dava Hotel, a venue steeped in hospitality history dating back to 1935
- The established hotel offers multiple Dining Areas, Bistro, TAB Sports Bar, Gaming Room, a drive through Bottle Shop & rooftop deck/bar with expansive Port Phillip Bay views
- Favourable 5.5-year lease (options through to 2036) with the benefit of inflation hedging & uncapped annual CPI rental reviews
- Centrally located between Mornington's thriving Main Street and the tightly held Mount Martha Village
- The distance between neighbouring retail precincts, coupled with the properties favourable zoning provides potential for future development into a commercial/retail village
- Third party ProUrban Planning Advice can be provided upon request
- The Mornington Peninsula stands as Victoria's most visited regional tourism destination, boasting an annual average 7.87 million domestic and international visitors between 2018-2020

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Stonebridge Property Group:

Rorey James
0439 400 081

Nic Hage
0448 782 594

Kevin Tong
0422 848 818

Wilson Property:

Ben Wilson
0412 525 542

Emma Dunne
0407 865 838

Melissa van Berkel
0477 013 850

*Approximately

TENDER

Closing date and time	21/09/2023 17:00
Recipient name	Ask Agent
Delivery address	Ask Agent

Stonebridge Property Group VIC

Level 19, 627 Chapel Street

South Yarra, VIC 3141

Property Highlights

Date Sold	4 Oct 2023
Floor Area	Ask Agent
Land Area	1.56 ha
Parking	On site parking available
Building Type	Whole building
Property ID	2018697884
Category	Hotel, Motel, Pub & Leisure Shop & Retail Showrooms / Bulky Goods
Last updated

Map for 614 Esplanade Mount Martha VIC 3934

Nearest transport* to 614 Esplanade Mount Martha VIC 3934

Bus

Train

Tram

Ferry

Bentons Rd/Esplanade (Mount Martha)	107 m
Bentons Rd/Esplanade (Mornington)	129 m
Fossil Beach/633 Esplanade (Mornington)	431 m
Fossil Beach/Esplanade (Mount Martha)	498 m

*Within a 4km radius

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Stonebridge Property Group VIC

Level 19, 627 Chapel Street

South Yarra, VIC 3141

Property Highlights

Date Sold	4 Oct 2023
Floor Area	Ask Agent
Land Area	1.56 ha
Parking	On site parking available
Building Type	Whole building
Property ID	2018697884
Category	Hotel, Motel, Pub & Leisure Shop & Retail Showrooms / Bulky Goods
Last updated

Co-Agents

Rorey James

Stonebridge Property Group VIC

Call

+61 439 400 081

Nic Hage

Stonebridge Property Group VIC

Call

+61 448 782 594

Kevin Tong 汤聪瑜

Stonebridge Property Group VIC

Wilson Property

Wilson Property

Wilson Property

More about 614 Esplanade Mount Martha VIC 3934

614 Esplanade Mount Martha VIC 3934 is categorized as Hotel, Motel, Pub & Leisure Property. It has a land area of 1.56 ha. The listing ID for this property is 2018697884.