Permit Approved Marina & Residential Development Site
2 Lumeah Road, Somerville VIC 3912
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Commercial LandSize: n/a
Block size: 11 m² approx.
Knight Frank are delighted to present to market Somerville Cove, a truly rare development opportunity on Victoria's thriving Mornington Peninsula.
2 Lumeah Road, Somerville (Somerville Cove) is a unique 11.53ha* site set across two titles permitted for development and extension of the existing Yaringa Boat Harbour. This unique offering comes with a permit approved development for 180 freehold marina berths and 180 apartments set across nine buildings surrounding the marina. The astute nature of the design and permit allows for the strategic staging of the development and construction.
Somerville Cove sits within Victoria's iconic Mornington Peninsula approximately an hours drive from Melbourne's CBD. The Mornington Peninsula is renowned for its lifestyle attractions and amenity including award winning wineries and golf courses mixed amongst some the states most iconic properties and rural homes. The offering is underpinned by the exponential growth seen in the Mornington Peninsula as the baby boomer sea change has driven demand of residential real estate and lifestyle convenience over the last 5 years.
Key Property Highlights
- Freehold marina berths providing absolute scarcity
- De-risked opportunity through the ability to stage development
- 11.53 ha* special use site
- Strong growth in demand of residential property
- Strategic expansion of the existing Yaringa Harbour
The property is for sale via Expressions of Interest, closing Wednesday, 10 April at 12pm (AEST).
2 Lumeah Road, Somerville (Somerville Cove) is a unique 11.53ha* site set across two titles permitted for development and extension of the existing Yaringa Boat Harbour. This unique offering comes with a permit approved development for 180 freehold marina berths and 180 apartments set across nine buildings surrounding the marina. The astute nature of the design and permit allows for the strategic staging of the development and construction.
Somerville Cove sits within Victoria's iconic Mornington Peninsula approximately an hours drive from Melbourne's CBD. The Mornington Peninsula is renowned for its lifestyle attractions and amenity including award winning wineries and golf courses mixed amongst some the states most iconic properties and rural homes. The offering is underpinned by the exponential growth seen in the Mornington Peninsula as the baby boomer sea change has driven demand of residential real estate and lifestyle convenience over the last 5 years.
Key Property Highlights
- Freehold marina berths providing absolute scarcity
- De-risked opportunity through the ability to stage development
- 11.53 ha* special use site
- Strong growth in demand of residential property
- Strategic expansion of the existing Yaringa Harbour
The property is for sale via Expressions of Interest, closing Wednesday, 10 April at 12pm (AEST).
Inspections
No open inspections scheduled.
Send an enquiry
Contact James Thorpe to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Commercial Land
Block Size:
11 m²*
Other Details
Lot:
5
Plan:
LP53675
Legal description:
5\LP53675
Maps and area information
Block information
Block size: 11m² (approx)
Legal description: 5\LP53675
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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SummaryMedian sales
Average Age
42 years
Population
11,767
Listing ID: 182379877. This listing has been viewed 0 times. It was first displayed on 18/03/2024 and last updated on 27/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.