Mornington Peninsula’s Arthurs Seat Chairlift Tourist Facility For Sale

Parks Victoria is encouraging prospective bidders to investigate new tourism-based initiatives for the site, which would boost visitor numbers to the Mornington Peninsula, which is popular for its wineries, vineyards, beaches and National Parks.
 
Development of the new Arthurs Seat Chairlift is expected to take about two years, and should open before the completion of the controversial $750 million, 25-kilometre Peninsula Link (Frankston Bypass), connecting the Frankston Freeway and Eastlink at Carrum Downs, with the Mornington Peninsula Freeway at Mount Martha.
 
Knight Frank director and selling agent Michael Hede said other factors Parks Victoria will consider in selecting a chairlift operator, include the bidder’s proposed lease term, management experience, financial capacity, and commitment to ecological and sustainable development.
 
It’s been previously reported between $3 million and $4 million would need to be invested on rebuilding the chairlift alone.

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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