53 Shoreham RoadRed Hill South VIC 3937
Property Details for 53 Shoreham Rd, Red Hill South
Last Listing description (October 2023)
CBRE is pleased to present for sale 53 Shoreham Road, Red Hill South. A Flagship investment opportunity located in the heart of one of Victoria's most visited regions, the coveted Mornington Peninsula.
Key features of this outstanding opportunity include:
- A stunning 17.44* hectare landholding capturing some of Victoria's most breathtaking views that is currently partially leased and returning circa $350,000 per annum.
- A premium vineyard currently planted to 9.7* hectares of high quality Pinot Noir and Chardonnay varieties.
- Home to two of the region's most iconic institutions, the renowned Max's Restaurant and the award winning Red Hill Estate Cellar Door.
- Planning approvals in place for a state-of-the-art redevelopment of the restaurant and cellar door complex.
- Two bedroom cottage on 2,000* square metres of the overall landholding, which would be ideally suited to a range of future development opportunities (STCA).
For sale by Public Auction Friday 18 March 2016 at 11am
*approximately
Property History for 53 Shoreham Rd, Red Hill South, VIC 3937
- 17 Mar 2016Sold for $6,000,000
- 06 Mar 2014Listed for Sale Contact Agent
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0About Red Hill South 3937
The size of Red Hill South is approximately 15.2 square kilometres. It has 5 parks covering nearly 1.8% of total area. The population of Red Hill South in 2011 was 1,171 people. By 2016 the population was 614 showing a population decline of 47.6% in the area during that time. The predominant age group in Red Hill South is 50-59 years. Households in Red Hill South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill South work in a professional occupation. In 2011, 84.1% of the homes in Red Hill South were owner-occupied compared with 91.5% in 2016.
Red Hill South has 460 properties. Over the last 5 years, Houses in Red Hill South have seen a 37.82% increase in median value, while Units have seen a -25.34% decrease. As at 31 August 2024:
- The median value for Houses in Red Hill South is $2,533,833 while the median value for Units is $1,353,012.
- Houses have a median rent of $672.
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