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.