790 Arthurs Seat RoadArthurs Seat VIC 3936
Property Details for 790 Arthurs Seat Rd, Arthurs Seat
790 Arthurs Seat Rd, Arthurs Seat is a 1 bedroom, 3 bathroom House. The property has a land size of 7254m2. While the property is not currently for sale or for rent, it was last sold in September 2004.
Last Listing description (September 2024)
Breathtaking Views Await at the Summit of Arthurs Seat
This remarkable property, situated atop Arthurs Seat, offers unrivalled vistas that will leave you captivated. With a zoning designation of residential, this former hotel, restaurant, and function centre is spread across four levels and encompasses five titles, boasting two street frontages and a total land area of 7254m2 (approximately 2 acres). Conveniently located adjacent to the new and prestigious Eagle Sky lift, this iconic 1930's building has a rich history, having transitioned from its origins as the Garden of the Moon to the Mountain Peak Restaurant, and most recently, Arthurs Hotel and Function Centre. While the property is not currently operational, it presents an ideal opportunity for transformation into a luxurious residence or redevelopment.
Situated within the world-renowned winery and tourist region of the Mornington Peninsula, this property offers a highly sought-after location for discerning developers. The expansive parcel of land stretches from Arthurs Seat Rd all the way down to Nestle Court, providing endless possibilities for development (STCA). The vendor may consider selling the building on 3270m2 initially, with the four lots available for separate purchase thereafter. Opportunities to acquire a property of this calibre are rare, making this truly unique residential real estate.
The hotel is currently fully equipped and operational, ready to reopen its doors. It holds an operating permit and a liquor license for up to 430 patrons until 1am. We welcome all inquiries and invite you to explore the potential this extraordinary property has to offer.
Property History for 790 Arthurs Seat Rd, Arthurs Seat, VIC 3936
- 15 Mar 2024Listed for Sale Realisation Auction | $5,000,000 - $5,500,000
- 03 Feb 2023Listed for Sale Contact Agent
- 26 Apr 2021Listed for Sale OFFERS INVITED
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About Arthurs Seat 3936
The size of Arthurs Seat is approximately 8.8 square kilometres. It has 3 parks covering nearly 28.4% of total area. The population of Arthurs Seat in 2011 was 374 people. By 2016 the population was 400 showing a population growth of 7.0% in the area during that time. The predominant age group in Arthurs Seat is 50-59 years. Households in Arthurs Seat are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Arthurs Seat work in a professional occupation. In 2011, 85.1% of the homes in Arthurs Seat were owner-occupied compared with 88.2% in 2016.
Arthurs Seat has 296 properties. Over the last 5 years, Houses in Arthurs Seat have seen a 55.97% increase in median value. As at 31 October 2024:
- The median value for Houses in Arthurs Seat is $1,475,351.
- Houses have a median rent of $445.
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