For Sale
The Mornington Peninsula’s Most Lucrative & Significant 1.55 Ha* Land Bank
The Dava Hotel - 614 Esplanade, Mount Martha VIC

Stonebridge Property Group is pleased to present for sale 614 Esplanade, Mount Martha – The Dava Hotel.  

The key highlights of the opportunity include:

  • One of Mornington Peninsula’s most promising landbank opportunities with uninterrupted ocean views and an unmatched track record of trading success
  • Positioned on a flexible and rare 15,552 sqm* Commercial 1 Zoned waterfront landholding that provides exciting future development possibilities (STCA)
  • Currently operating as The Dava Hotel, a venue steeped in hospitality history dating back to 1935
  • The established hotel offers multiple Dining Areas, Bistro, TAB Sports Bar, Gaming Room, a drive through Bottle Shop & rooftop deck/bar with expansive Port Phillip Bay views
  • Favourable 5.5-year lease (options through to 2036) with the benefit of inflation hedging & uncapped annual CPI rental reviews
  • Providing annual income of $517,208* + GST + Outgoings
  • Centrally located between Mornington’s thriving Main Street and the tightly held Mount Martha Village
  • The distance between neighbouring retail precincts, coupled with the properties favourable zoning provides potential for future development into a commercial/retail village
  • Third party ProUrban Planning Advice can be provided upon request
  • The Mornington Peninsula stands as Victoria’s most visited regional tourism destination, boasting an annual average 7.87 million domestic and international visitors between 2018-2020


To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Listing Map