Rosebud business owner buys staff housing in deal that added $120k to home price in six months - realestate.com.au

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A Mornington Peninsula business owner whose staff are struggling to find a place to live has splashed seven figures on a waterside house for them, adding $120k to its value in less than six months. Full story:

and said despite four interested parties in the lead up to the auction, the result had been a complete surprise.

“Two were there as neighbours. But the other two had never seen the property and got into a bit of a bidding frenzy.”It’s likely the sizeable block will be developed into multiple new homes. The operator of a nearby eatery, they said with the property in such a good spot he wasn’t surprised the price rose in such a short period.The 780sq m property fronts Point Nepean Rd, and while it doesn’t have direct water views it does have a 27m-long private laneway that ends at the foreshore a few metres from the beach.

“He bought the property primarily because his business is local and he has enormous trouble finding accommodation for his staff. So he wants a very short settlement to build three townhouses for his staff to go into.”Bold colours in some of the home’s living spaces hint at the coastal lifestyle on offer.

 

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