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5 Nepean Highway,
Aspendale 3195, Victoria

4 bedrooms
2 bathrooms
2 car spaces
1,041m² land size
House

$1,950,000

Property details

Rare Beachside Development Opportunity with Dual Residences, High-Profile Billboard + GRZ2 Zoning - 1040m2 Approx. (STCA)

5 Nepean Highway, Aspendale & 2 Parana Street, Aspendale (TOTAL: 1040m2 Approx.)

Situated in one of Aspendale's most exclusive tightly held pockets, is this exceptionally rare and unique opportunity to secure 1040m2 (approx.) of prime beachside land with two titles to be offered as a whole. Zoned GRZ2, this significant corner site offers outstanding potential for a contemporary multi-level development or luxury townhomes, situated just 150 metres from one of Melbourne's most spectacular beaches and 350 metres from Mordialloc Village (STCA.) Included in this extraordinary offering is a high-profile advertising billboard with strong annual return. Benefit from a combined potential annual return of approximately $100,000 including two semi-detached residences fronting Parana Street & Billboard.

5 Nepean Highway, Aspendale
Comprises classic semi-detached single level residence with two bedrooms, separate lounge and dining room/study, generous kitchen, central bathroom, sunroom with laundry, off-street parking and private backyard.

2 Parana Street, Aspendale
On a separate title, this classic two-bedroom semi-detached residence mirrors the features of its counterpart.

Promising a relaxed coastal lifestyle with pristine wide sandy beach stretching as far as the eye can see, the boat-lined creek and iconic pier for fishing, while the Bay Trail, Peter Scullion Reserve, Doyle's Hotel and Mordialloc's upmarket cafes, bars and restaurants, the train station and schools are all at your fingertips.

A highly sought after enclave for its incredible proximity to the sand and amenities; continue to derive rental income from the existing residences and billboard, while you contemplate the future of this blue chip location.

Contact Ray White Chelsea directors Shane O'Sughrue 0401 119 911 or James Aldinger 0425 724 232

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • St Brigid's School Primary Prep-6 Catholic 0.40km
  • Mordialloc Beach Primary School Primary Prep-6 Government 0.57km
  • Aspendale Primary School Primary Prep-6 Government 1.4km
  • St Louis de Montfort's School Primary Prep-6 Catholic 1.5km
  • Parkdale Primary School Primary Prep-6 Government 2.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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