Hali, VIC
103-113 Point Nepean Road, Dromana, VIC, 3936
Development of 73 townhouses at a beachfront property in Dromana, Victoria.
Key Item
Value
Property Type
Land Size
Residential
1.86 hectares

In October 2022, Metrics was presented with an opportunity to acquire and develop the project in joint venture with a private developer, who had secured the property through an off-market transaction.

‍

The site is located in the beachside suburb of Dromana, 57km south of the Melbourne CBD on the Mornington Peninsula. The site benefits from 50 metres of beach frontage and also proximity to local amenities including Dromana retail strip, Dromana Primary School and Dromana Secondary College.

‍

The townhouses, designed by leading architects Cera Stribley, are a modern take on the iconic 1960s Australian holiday home. With private terraces, courtyards and spacious, flexible interiors, the Project will appeal to a number of purchasers looking for a relaxed beachfront lifestyle as a primary residence or holiday house.

‍

The homes are predominantly three and four bedroom residences, aligned with demand from owner occupiers, downsizers and second home buyers. There are also a small number of two bedroom townhouses to appeal more to the investor market.

‍

A builder has been appointed and is progressing on site, with target project completion for Q1 2027.

Email us
invest@metrics.com.au
1300 010 311
Mon-Fri 9:00 - 5:30
Follow us on LinkedIn
Disclaimer
Issued by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics).

Metrics makes no representation or warranty as to the accuracy, completeness, reliability or currency of it. The content is not intended to be a complete statement or summary of any markets, developments or securities referred to herein.

The content is provided for informational purposes only and is not intended to provide you with financial advice. It has been prepared without taking into account a particular person’s objectives, financial situation or needs.

The content does not purport to identify the nature of a specific market or other risks associated with any investments described within it and does not constitute legal, taxation, investment or accounting advice. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser.

Any opinions expressed in the content are subject to change without notice and may differ from, or be contrary to, opinions expressed by other business areas or companies within the same group as Metrics as a result of using different assumptions and criteria.

The content should not be construed as an offer or solicitation to buy or sell any financial product in any jurisdiction. To the extent permitted by law, Metrics excludes all liability for any loss or damage arising in any way due to or in connection with the publication of the content, including by way of negligence. Forward looking statements should not be relied upon. All investments contain risk and may lose value. Past performance is not a reliable indicator of future performance.