An outstanding development opportunity awaits at 493–495 Nepean Highway, Chelsea. Positioned on a substantial 1,220 sqm landholding* with the rare advantage of three street frontages, this prime corner site offers exceptional flexibility for a range of development outcomes.

Perfectly suited for commercial, mixed-use, residential, or office development (STCA), the property presents significant potential in one of Melbourne’s most sought-after bayside locations.

Potential development options include:

Up to 6 commercial tenancies and 6 residential apartments (STCA)
Alternatively, 12 luxury townhouses with the potential for stunning bay and water views (STCA)
Property Highlights
Generous land area of 1,220 sqm*
Rare triple street frontage providing outstanding design flexibility
31 metres frontage to Nepean Highway*
40 metres frontage to Chadwell Grove*
Just 150 metres from Chelsea Beach*
Existing income stream from two retail tenancies and one adjoining residential dwelling
Exceptional Lifestyle & Connectivity

Located in the heart of Chelsea’s thriving bayside precinct, the property offers unparalleled convenience and lifestyle appeal. Residents and businesses will enjoy easy access to:

Chelsea Beach – only 150 metres*
Bonbeach and Chelsea Railway Stations – within 700 metres*
Chelsea Shopping Centre – within 700 metres*
Patterson River Golf Club and Bicentennial Park – approximately 1.5 km*
A wide range of schools, cafés, restaurants, retail outlets, medical facilities, public transport, gyms, parks, and everyday amenities all within walking distance.

Opportunities of this scale, location, and versatility are increasingly rare. Secure a landmark development site in a high-growth bayside location and unlock its full potential.

Approximate measurements. Subject to Council Approval (STCA).