1-4 Nepean Highway, Aspendale, VIC 3195 | Property Value & History | OnTheHouse
OFF MARKET

1-4 Nepean Highway
Aspendale VIC 3195

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 4427m2
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Property Details for 1-4 Nepean Hwy, Aspendale

Building Type
Commercial
Year Built
1950
Land Size
4427m2
Local Government
Kingston
Lot/Plan
2/TP11006

Last Listing description (September 2024)

JLL Hotels & Hospitality, in conjunction with Savills Hotels, are thrilled to exclusively present for sale the freehold going concern of The Bridge Hotel, located within 30 minutes of Melbournes CBD in the premier bayside suburb of Mordialloc. A prized Mordialloc landmark, The Bridge Hotel occupies a prominent 6,961sqm* waterfront landholding with significant exposure to one of Melbournes major arterials, Nepean Highway. Extensively refurbished in recent times, the hotel features an expansive alfresco deck offering spectacular bayside views, high-end F&B facilities, a gaming room with 50 EGMs, multiple function spaces and extensive on-site parking. Key highlights include:+ Well established business operation across multiple revenue streams derived from food & beverage, functions, gaming income via 50 EGMs and retail via bottle shop+ Coveted bayside location offering an abundance of lifestyle amenity and excellent connectivity, an easy 30-minute drive to Melbournes CBD and Victorias stunning Mornington Peninsula+ Superior landbanking opportunity presenting a prominent 6,961sqm* waterfront site with significant frontage of over 130 metres* to Nepean Highway, recording 39,000* passing vehicles daily+ Premier destination venue offering a comprehensive range of amenities including a bistro & bar, cafe & bar, sports bar with full TAB facilities, gaming room, multiple function rooms and an extensive alfresco deck boasting spectacular waterfront views+ Offering includes a valuable 3am Late Night (General) Licence with generous patron capacity accommodating up to 850+ Genuine future upside with the opportunity to increase revenue via introduction of accommodation^ and expansion of current trading footprint*Approximately ^STCAThe Bridge Hotel is being exclusively offered for sale via Private Treaty.For further information on this opportunity, please contact the exclusive selling agents.

Property History for 1-4 Nepean Hwy, Aspendale, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$14,250,000
28 May 2021
  • 03 Apr 2023
    Listed for Sale CONTACT AGENT
  • 28 May 2021
    Sold for $14,250,000
  • 31 May 2017
    Listed for Sale $2,250,000 - $2,450,000
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About Aspendale 3195

The size of Aspendale is approximately 3.0 square kilometres. It has 11 parks covering nearly 24.0% of total area. The population of Aspendale in 2016 was 6940 people. By 2021 the population was 7285 showing a population growth of 5.0% in the area during that time. The predominant age group in Aspendale is 40-49 years. Households in Aspendale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Aspendale work in a professional occupation.In 2021, 80.20% of the homes in Aspendale were owner-occupied compared with 79.80% in 2016.

Aspendale has 3,349 properties. Over the last 5 years, Houses in Aspendale have seen a 38.34% increase in median value, while Units have seen a 24.06% increase. As at 31 December 2025:

  • The median value for Houses in Aspendale is $1,527,899 while the median value for Units is $981,809.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 12 properties listed for sale, and 3 properties listed for rent in Aspendale on OnTheHouse. According to Cotality's data, 143 properties were sold in the past 12 months in Aspendale.

Suburb Insights for Aspendale 3195

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.