1223-1229 Point Nepean Road, Rosebud, VIC 3939 | Property Value & History | OnTheHouse
 
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1223-1229 Point Nepean Road
Rosebud VIC 3939

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1931m2
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Property Details for 1223-1229 Point Nepean Rd, Rosebud

Building Type
Commercial
Land Size
1931m2
Local Government
Mornington Peninsula
Lot/Plan
PC361031

Last Listing description (May 2018)

One of the most iconic properties in the Mornington Peninsula is now available for sale via Expressions Of Interest closing Wednesday 28th February 2018 at 3pm.
This tremendous 1,946m2* corner site consists of a huge 46.3* metre frontage to Point Nepean Road and a 36.7* metre frontage to Second Avenue. Current improvements comprise a substantial single level building of approximately 646m2* + 290 m2* of canopy area and currently leased to Top Fun Pty Ltd offering a 36 hole miniature golf, ten pin bowling and a range of arcade games.
Strategically positioned on Point Nepean Road, 160m* from Rosebud foreshore, the property sits amongst the renowned Rosebud retail strip with a multitude of cafes / restaurants, Aldi and Woolworths supermarkets, Rosebud Plaza, Rosebud Hospital and Rosebud Primary School all within close proximity.

This is an outstanding opportunity for an owner occupier to capitalize on this tremendous location and current improvements, investor or developer to construct a medium to high density residential development (STPA) due to a favorable General Residential 1 Zoning. Mornington Peninsula Shire have advised that there has been a proposed rezoning approved by council in which the subject property will be re-zoned to a Mixed-Use Zoning.

Rosebud is considered one of the fastest growing beachside suburbs on the Mornington Peninsula. Combined with easy access to the south-eastern suburbs and Melbourne CBD approximately 60kms away via the updated Peninsula Link.
With strong appeal for a beachside lifestyle and growing demand for new residential houses this will help ensure a successful future development.

Property Summary:
- Substantial land area of: 1,946m2*
- Total building area: 646m2* + 290m2* of canopy area
- Huge combined 83 metre* frontage
- Current rental of $180,000.00 p.a
- General Residential 1 Zone
- Approved re-zoning to Mixed Use
- Business as usual
Please contact CVA for further details.
*Approximately

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Property History for 1223-1229 Point Nepean Rd, Rosebud, VIC 3939

A timeline of how this property has performed in the market
  • 28 Dec 2017
    Listed for Sale Not Disclosed
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About Rosebud 3939

The size of Rosebud is approximately 17.1 square kilometres. It has 36 parks covering nearly 26.1% of total area. The population of Rosebud in 2016 was 13195 people. By 2021 the population was 14381 showing a population growth of 9.0% in the area during that time. The predominant age group in Rosebud is 60-69 years. Households in Rosebud are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rosebud work in a trades occupation.In 2021, 69.60% of the homes in Rosebud were owner-occupied compared with 67.90% in 2016.

Rosebud has 11,028 properties. Over the last 5 years, Houses in Rosebud have seen a 31.11% increase in median value, while Units have seen a 34.04% increase. As at 30 November 2025:

  • The median value for Houses in Rosebud is $828,559 while the median value for Units is $699,118.
  • Houses have a median rent of $550 while Units have a median rent of $580.
There are currently 62 properties listed for sale, and 12 properties listed for rent in Rosebud on OnTheHouse. According to Cotality's data, 450 properties were sold in the past 12 months in Rosebud.

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