Burgess Rawson, in conjunction with Ray White Inverloch, has successfully transacted the high-profile mixed-use development site at 6-8 Ramsey Boulevard & 4 Beaton Place, Inverloch VIC 3996, securing a sale price of over $3 million.
The 1,272 sqm ‘Commercial 1’ zoned site* was offered via an Expressions of Interest campaign, attracting strong interest due to its prime positioning, substantial street frontage, and future development potential.
Spanning two titles, the property allows for a three-level mixed-use development (STCA), with an indicative concept by ClarkeHopkinsClarke proposing retail spaces, apartments, and secure on-site parking.
Currently, the site benefits from an established holding income of approximately $100,000 per annum, with existing tenants including Offshore Surf School, The Beach Box Café, Fisk Beauty, and a vendor-owned laundromat. The location’s high foot traffic and proximity to the Esplanade Hotel further strengthened buyer confidence, alongside the opportunity for significant stamp duty savings of up to 50%.
Raoul Holderhead of Burgess Rawson commented: “The sale of this site underscores the continued demand for prime coastal assets, with investors and developers recognising the long-term value of Inverloch’s growth trajectory.”
Kevin McMahon of Ray White Inverloch added: “This result highlights the strength of the local market, with premium development sites continuing to attract strong competition from buyers looking to capitalise on Inverloch’s year-round tourism appeal.”
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