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Mortgagee Auction | Half-Built, Full Potential
Must Be Sold at Auction, No prior Offers.
The situation is straightforward: the property is subject to a Mornington Peninsula Shire Council Building Order, issued as structural alterations and additions - including decking to both the east and west elevations - were carried out without building permits. The Council has issued a Stop Work Order. The incoming owner will need to either engage a private building surveyor to certify and rectify the works, or demolish and rebuild the unpermitted structures with proper approval.
For those who know what they're doing, this is exactly the kind of project that delivers strong returns.
Perched in an elevated position with great views across the Peninsula, this 4-bedroom, 2-bathroom home presents a rare opportunity for builders, investors, and savvy buyers ready to unlock serious potential.
The property is partially complete with the hard work already underway - bathrooms are fully tiled, and the master bedroom features a walk-in robe and ensuite. The bones are here, the views are real, and the upside is undeniable.
Highlights:
4 bedrooms | 2 bathrooms
Elevated block with great views
Bathrooms tiled, master with WIR & ensuite(unfinished)
Partially completed - scope to finish to your own standard
Council Building Order & Stop Work Order in place - full transparency
Mortgagee sale - must be sold unconditionally at auction
Buyers are advised to conduct full due diligence prior to bidding. Building Order documentation available in section 32.
10% deposit, 30/60/90 days
The situation is straightforward: the property is subject to a Mornington Peninsula Shire Council Building Order, issued as structural alterations and additions - including decking to both the east and west elevations - were carried out without building permits. The Council has issued a Stop Work Order. The incoming owner will need to either engage a private building surveyor to certify and rectify the works, or demolish and rebuild the unpermitted structures with proper approval.
For those who know what they're doing, this is exactly the kind of project that delivers strong returns.
Perched in an elevated position with great views across the Peninsula, this 4-bedroom, 2-bathroom home presents a rare opportunity for builders, investors, and savvy buyers ready to unlock serious potential.
The property is partially complete with the hard work already underway - bathrooms are fully tiled, and the master bedroom features a walk-in robe and ensuite. The bones are here, the views are real, and the upside is undeniable.
Highlights:
4 bedrooms | 2 bathrooms
Elevated block with great views
Bathrooms tiled, master with WIR & ensuite(unfinished)
Partially completed - scope to finish to your own standard
Council Building Order & Stop Work Order in place - full transparency
Mortgagee sale - must be sold unconditionally at auction
Buyers are advised to conduct full due diligence prior to bidding. Building Order documentation available in section 32.
10% deposit, 30/60/90 days
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.