Perfectly positioned between the exclusive Martha Cove development and the crystal clear beaches of Safety Beach, this exciting opportunity is one for the astute investor. With an ongoing secure tenant in place and priced as land value alone, this property is a secure long term investment with a great return. Situated on the boundary of Martha Cove with all of the benefits of the marina lifestyle, without the ongoing fees. The existing home is more than suitable for the current tenancy agreement with a robust management system in place allowing the vendor to be "hands off". The opportunity to redevelop STCA either a single luxury home or two units awaits the right investor. Only moments from the Mornington Peninsula's most beautiful beaches, wineries, cafes and National parks. Easy access to the freeway and approximately 50 minutes from the Melbourne CBD. Fantastic value in today's growing Marina market. For more information please contact Ian Ross on 0404 868 470 Property Specifications; - 757.44 sqm* approx. land size - 17.7m approx frontage - Possible two unit site STCA - Rear marina access - 3 Bedroom home currently leased with secure tenant - North/West frontage * measurements are indicative only