173-175 Point Nepean Road, Dromana, VIC 3936 | Property Value & History | OnTheHouse
OFF MARKET

173-175 Point Nepean Road
Dromana VIC 3936

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 275m2
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Property Details for 173-175 Point Nepean Rd, Dromana

Building Type
Commercial
Land Size
275m2
Local Government
Mornington Peninsula
Lot/Plan
3/LP14644

Last Listing description (July 2019)

CRE Brokers are pleased to be offering the Leasehold Business of the L'Aqua Restaurant, Dromana.This is a fantastic opportunity to own one of Mornington Peninsula's favourite family restaurant venues and boasts as the only stone grill dining restaurant in the region.L'Aqua Restaurant features a modern stylish split dining areas and a locally focused wine bar, rear kids play area perfect for family functions, and a front outdoor seated area with stunning coastal bay views of the popular Dromana beach.The Venue is positioned on the sought after tourist coastal Point Nepean Road, within a short walk to the foreshore, plus only a 5 minute driving distance to the Peninsula's newest major tourist attraction, the Arthurs Seat Eagle Gondola and the award winning Mornington Peninsula winery region.The business boasts a consistently high turnover with an 11pm licence in place, strong local support and a huge summer tourist season, this fantastic opportunity will not last long, enquire today.

Property History for 173-175 Point Nepean Rd, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$215,000
29 Dec 1993
  • 22 Feb 2019
    Listed for Sale Leasehold $685,000
  • 29 Dec 1993
    Sold for $215,000
  • 29 Dec 1993
    Sold for $215,000
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. It has 19 parks covering nearly 7.2% of total area. The population of Dromana in 2016 was 5803 people. By 2021 the population was 6626 showing a population growth of 14.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation.In 2021, 70.70% of the homes in Dromana were owner-occupied compared with 67.90% in 2016.

Dromana has 6,011 properties. Over the last 5 years, Houses in Dromana have seen a 11.75% increase in median value, while Units have seen a 3.70% increase. As at 30 April 2026:

  • The median value for Houses in Dromana is $1,032,900 while the median value for Units is $758,993.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 41 properties listed for sale, and 8 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 226 properties were sold in the past 12 months in Dromana.

Suburb Insights for Dromana 3936

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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.