Yaringa Boat Harbour, located in the highly sought after Mornington Peninsula Shire, has been listed for sale – with the sale price expecting to fetch circa $15 million.
The site has been listed by local owner, Stefan Borzecki, and presents developers with a unique opportunity to redevelop the existing marina and develop the surrounding freehold land which totals 24.06 hectares.
Yaringa Boat Harbour site currently comprises a busy marina facility with slip yard and direct access to Westernport Bay, as well as the vacant land which has planning for 180 waterfront apartments.
Mr Callow said an apartment development will provide a much needed marina community to Somerville.
“There is huge potential to enhance the existing facilities and utilise the planning approvals in place to develop an in-land waterway and an apartment complex,” said Mr Callow.
“Somerville’s location is key. It is surrounded by some of Victoria’s best wineries, golf courses and vast local amenity throughout Mornington Peninsula while being only 70km from Melbourne CBD. A development at Yaringa would attract families looking for either holiday or permanent living - including those looking to commute to Melbourne.”
Mr McCulloch added; “Waterfront property is becoming harder to come by and therefore we expect a number of developers looking to take advantage of this opportunity.”
“The population along Westernport Bay is growing, however much of the land is either rural or unavailable to be developed – making this listing rare,” said Mr McCulloch.
The Expressions of Interest campaign will close Tuesday June 6, 2017 at 3:00pm.
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