MORNINGTON VIC 3931

146-152 Bungower Road MORNINGTON VIC

2.31Ha Gateway Mornington Development Site

B&S Land in conjunction with Nichols Crowder are delighted to offer for sale by expression of interest, this high-profile 2.31 Ha Mornington Gateway development site.

Complete with an endorsed development plan and an approved 8-lot commercial/service business subdivision, the site is ideally situated on a high-traffic intersection in the heart of Mornington.

Providing direct connections to both the Mornington Peninsula Freeway, Nepean Highway and Moorooduc Highway, Bungower Road represents the gateway into the thriving Mornington township.

Mornington is situated centrally in the Mornington Peninsula and serves as a commercial hub that provides strategic accessibility. The Mornington Peninsula has a population of over 170,000 people and is experiencing continued growth with forecasts of 10% year on year growth. Mornington itself, serves as an essential strategic location, servicing much of the areas community including a robust health and aged care precinct.

The property’s location offers excellent connectivity to key transportation routes. Bungower Road itself intersects with major thoroughfares, providing north and south bound access to the Mornington Peninsula Freeway. This freeway serves as a primary link between Melbourne and the Mornington Peninsula, enhancing the property’s accessibility to both urban and coastal destinations.

With extensive frontages to both Bungower and Racecourse Roads, the site’s high profile location makes it ideal for a mixed-use development with multiple allowable uses (STPA) that would suit:

• owner occupiers
• land subdividers
• pre-lease developers, or;
• a develop and hold model

The property has an endorsed development plan prepared by development consultants Taylors. The endorsed plan shows a yield of 8 service business or commercial lots.

The endorsed plan seeks to encourage a range of uses including:

• Childcare facility
• Function Centre (conference facility, reception centre)
• Education Centre
• Hospital
• Indoor recreation facility (dancing school, gymnasium)
• Medical Centre
• Motel
• Place of assembly (e.g. Gym)
• Place of worship
• Residential aged care facility, and;
• Veterinary centre.

Further to the above list, there is potential for other uses (STPA) provided they do not detract from the Low Density character of the area.

• Service Station/Food
• Retail/Commercial
• Funeral Parlour
• Car Wash
• Accommodation(racecourse integration)

146-152 Bungower Road is for sale by expression of interest closing 12 noon, Friday 30th of May, 2025.

We highly recommend your participation.