- 15,552 sqm* Waterfront Land
- Rare Commercial 1 Zoning
- 88+ Years of Hospitality Trade
Wilson Property and Stonebridge Property Group 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
> Providing annual income of $517,208* + GST + Outgoings
> 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.
