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About this property
Offered to the market is an exceptional 3 acre (approx) landholding positioned along one of Red Hill's most revered and tightly held addresses. Synonymous with many of the district's finest lifestyle estates and architectural homes. Opportunities of this calibre are rarely available on the ideal lifestyle acreage. The offering presents genuine optionality: continue to operate the profitable business as a going concern, or pursue vacant possession should a purchaser wish to focus solely on redevelopment or lifestyle use (subject to approvals). Occupying an elevated site, the land boasts outstanding outlook and coverage, with sweeping views across Western Port Bay, Phillip Island and toward South Gippsland, an extraordinary backdrop for a future dream home or landmark. The property currently operates as a long-standing, highly profitable storage facility, delivering immediate and reliable income streams. This allows an incoming owner to enjoy strong business returns from day one, while retaining the flexibility to plan and execute a future lifestyle residence (STCA) of significant scale and presence. This is a rare convergence of location, income security and long-term capital upside in one of the Mornington Peninsula's most prestigious rural enclaves. An opportunity to secure today's returns while creating tomorrow's legacy. Proudly marketed by the team at Peninsula Sotheby's International Realty.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 1.29 ha
- Listed
- 3 months ago
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Neighbourhood
Living in Red Hill South
This land in Red Hill South, VIC 3937 sits within reach of local shops local amenities.
What's nearby
- Red Hill Estate — 4.6 km away
Red Hill South at a glance
Full suburb profile- Population
- 708
- Median age
- 56
- Household income
- $2,261/wk
- Median rent
- $500/wk
- Median mortgage
- $2,300/mo
Source: ABS Census.
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