PROPERTY SUMMARY
PROPERTY DESCRIPTION
Featuring a circa 1913 renovated church, a church hall and large shed in its 2800 sqm land. The property is fully fenced and fully asphalted with ample on site car parking. It is currently securely leased, and suits a multitude of tourism uses, retail, wholesale or service based operation and has previously operated as an art gallery, antique centre, home and décor/ giftware outlet, childcare centre or nursery. There is a well established existing café operated by The Hungry Peacock on site
It is securely leased and offers unique opportunity for astute investor producing over 7% net return.
The location itself aids in the appeal. Accessible easily from Melbourne on Peninsula Link and only a few metres from Tyabb Station and Tyabb Airport.
Neighbouring support businesses includes the Packing House Antiques (attracting 5,000+ visitors and the craft Village specialty shops, Tyabb Airport, a large scale petting zoo (The Big Goose) and easy drive to all the attractions Mornington Peninsula has to offer.
This is truly a unique investment opportunity with development potential for tourism/hospitality and possibly a caretaker’s residence (STCA) in a popular tourism area.
The property features 3 separate buildings on land of 2800 square meters:
Building 1: circa 1913 renovated church of 125m2
Building 2: church hall operating as a cafe seating 70 patrons, floor size 130m2
Building 3: Large shed of 114m2
Zoning: Industrial 3, Heritage overlay on church building. Permits granted for café.
The property has a main road frontage of 88 metres with great exposure.
The landscaped grounds add character and charm and, approval can be sought to commission a caretaker’s residence (STCA).
Inspection will not disappoint as considerable time and money has been spent on property enhancement over recent years, including connection to main sewer line, fully asphalted car parking, new roof, new security fencing, electrical improvements, structural improvements, recladding, additional toilet amenities, paving etc. Over the past 5 years over $200,000.00 has been invested in capital improvement of this magical property on the glorious Mornington Peninsula