2-4 Lumeah Rd, Somerville, VIC 3912 | Commercial for sale | OnTheHouse
 
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2-4 Lumeah Road
Somerville VIC 3912

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Land area: 30ac
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Unparalleled Development Opportunity – Prime Waterfront Site with Approved Plans and Permits

Welcome to Somerville– an extraordinary and rare offering of waterfront land with a fully approved permit for a premium mixed-use development. Positioned in one of the most breathtaking and exclusive enclaves, this high-profile site presents limitless potential for the visionary developer or investor ready to bring this world-class project to life. With a solid foundation already in place, this is your chance to capitalise on a shovel-ready opportunity in a tightly held and highly sought-after location.
The approved development includes 180 luxurious waterfront apartments, 180 private marina berths, a sophisticated commercial hub, and a selection of exclusive, premium waterfront townhouses. Every element has been meticulously designed to deliver a lifestyle of luxury, convenience, and prestige. The waterfront positioning, combined with expansive vistas and direct marina access, ensures an unrivalled appeal for future residents and business operators alike.
Set in a thriving area with strong market demand and surrounded by elite homes, shopping precincts, dining options, and essential amenities, Somerhill Cove offers not only a prestigious address but the unique advantage of being development-ready. The high-value permit is already secured, allowing you to fast-track this iconic project with minimal delay and maximum return.
Opportunities of this scale and calibre are incredibly rare. Secure your place in shaping the future of this vibrant waterfront community. Contact us today to receive an information memorandum and explore the possibilities of Somerhill Cove – where vision meets value in a landmark location.
I acknowledge that this advertisement provides information as a guide only. Zed Real Estate does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floorplans are to scale and created based on the photographers' best knowledge.

Property Details for 2-4 Lumeah Rd, Somerville

Building Type
Commercial
Land Size
30ac
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About Somerville 3912

The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2016 was 11336 people. By 2021 the population was 11767 showing a population growth of 3.8% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 79.80% of the homes in Somerville were owner-occupied compared with 77.30% in 2016.

Somerville has 5,877 properties. Over the last 5 years, Houses in Somerville have seen a 34.44% increase in median value, while Units have seen a 30.40% increase. As at 30 November 2025:

  • The median value for Houses in Somerville is $933,808 while the median value for Units is $617,063.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 22 properties listed for sale, and 1 property listed for rent in Somerville on OnTheHouse. According to Cotality's data, 277 properties were sold in the past 12 months in Somerville.

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