A sprawling 130-year-old seaside estate on the Mornington Peninsula is offered for the first time in over a century.
All it needs is a buyer with the vision to bring it into the modern age.
Built just before the turn of the 19th century, Bimblehurst at 2519 Point Nepean Rd, Rye, is listed with a price guide of $ 4.5-4.95 million.
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Prentice’s agent Michael Prentice said the sprawling 1.01ha block and his 130-year-old four-bedroom World Heritage property had been owned by generations of the same family since around 1902.
In recent years it had been used as a vacation home, but the family had decided with a “heavy heart” to give it up.
“This is ideal for someone who has an appreciation for history due to their age and uniqueness, but also for someone who has a vision for the proper development of the site,” said Mr. Prentice.
“It was one of the first rye settlements right in front of the (old) lime kiln.
“The back room of the house was an old winery and it was built with a cellar below and the cellar still exists today. The living room was enlarged in the early 1920s and since then the only modifications have been the replacement of the living room ceiling and the conversion of a maid’s room.
Bimblehurst is within walking distance of the village of Rye, opposite the beach and close to the most popular vacation spots on the peninsula including Sorrento, Blairgowrie and St Andrews Beach.
It is zoned for residential development and the lot includes the original heritage listed limestone house with its high pressed metal ceilings, open fireplaces and rustic old-fashioned kitchen.
Mr Prentice said the house itself needs to be preserved, but the property is zoned for residential development.
Double the time had been allocated to the property’s expressions of interest campaign to account for the latest Covid-19 lockdown in Victoria.
It also gave potential buyers time to discuss their ideas with planners on what they could potentially do with the site, he said.
“The house should stay. Ideally, it would be great if people could do some restorations and bring it back to its former glory, but it’s very livable, ”Mr. Prentice said.
“We gave people a considerable amount of time to offer an eight week campaign to give them the opportunity to come and see her and do their due diligence on what they could do with the site. “
End of expressions of interest on September 1 at 5 p.m.
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