Ryman Healthcare is selling a Mount Martha farm after abandoning plans to develop an aged care complex and retirement community.
The vendor has re-activated a permit which came with the 1.96 hectare holding, 180 Bentons Road – for 47 townhouses (artist’s impression, top).
It is expected to reap over $17 million from the disposal.
“Since the onset of the pandemic in 2020, house prices have soared in coastal locations with dwellers taking advantage of newfound flexibility in their working environment which has allowed them to work from home,” Colliers’ Hamish Burgess, who is marketing the land with Joe Kairouz, said.
“As a residential lifestyle destination, the Mornington Peninsula has become one of the most sought after areas, due to its proximity and ease of access to inner Melbourne, and its ability to provide both a tree change and sea change,” he added.
“The Mount Martha site is easily accessible with a 76.32 metres of street frontage on Bentons Rd, and proximity to Mornington Peninsula’s main arterial roads, including Peninsula Link, Moorooduc Highway and Nepean Hwy, enabling a seamless drive to town or down the peninsula coast,” he added (story continues below).
It is also near Vicinity’s Benton’s Square shopping centre, in Mornington.
Mount Martha’s median house price has surged 22 per cent in 12 months, to $1.65m, according to REA Group.
For years prior to 2015, 180 Bentons Rd, also with access to Valerie and Jendalyn closes, was owned by horse carriage collector Ian Marriott.
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