DESPERATELY seeking: one dinosaur-loving millionaire ready to make their very own Jurassic World.

The home base to one of Australia’s most historically significant dinosaur bone excavations, a decade-long dig at Dinosaur Cove on the southwest coast of the state is on the market with hopes of unearthing a $1.125 million price tag.

The sprawling, 117ha block of land that time forgot at 3365 Great Ocean Rd, Glenaire, is the closest privately owned land to the fossil find.

It also comes on the ocean side of the famous road with dramatic clifftop views stretching to the east and west.

Greg Denney, whose family has owned the property for decades, has been an amateur dinosaur fossil hunter since palaeontologists descended on the area for a fossil finding free for all between 1984 and 1994.

And with the nearby Otway Ranges continuing to yield new dinosaur bones, Mr Denney said he would build the museum himself if he could.

“If I had a couple of million, I would have developed it myself, but it’s open to the next person to take it to the next level,” he said.

“And the fact is the site is on the way to the Twelve Apostles, so one million tourists go past this site every year on the Great Ocean Road.”

Palaeontologist Dr Tom Rich, who lead the original dig and is now senior curator of vertebrate palaeontology at Museum Victoria said the site was significant.

“That block of land is very closely associated with Dinosaur Cove which is indeed the first site to yield a significant number of dinosaur fossils,” Dr Rich said.

“It was the first place we found multiple specimens of dinosaurs.”

On top of being the first significant find of multiple cretaceous-period fossils in one place in Victoria, Dinosaur Cove is also one of the most diverse troves unearthed, including bones from pterodactyls, plesiosaurs, crocodiles and a number of previously unknown species of polar dinosaur, including the leaellynasaura named after Dr Rich’s daughter.

The original storage shed, as well as parts from a flying fox used to transport supplies down the nearby cliff face to the site of the dig, are still at the property.

Dr Rich said that anyone considering creating an attraction at the site would need to invest millions.

“If you are going to do something like this you are going to need to do it right, not just spend $1 million for the land, but a couple of million to get it going,” Dr Rich said.

“You are also going to need to get an endowment to keep it going and if you don’t do that, it’s going to go extinct.”

Charles Stewart and Co sales agent Margaret Brown said the property was likely to sell to someone with a tourist development in mind.

“It’s one of the last properties where you have that view along the coast and the ability to build,” Ms Brown said.

“I think it’s going to be someone who has the money and will develop it to do some kind of tourism.”

She added Apollo Bay was nearby, and the Castle Cove surf beach a 10 minute walk, with many of the regions most picturesque national parks and waterfalls also nearby.

A fossil exhibition titled Wildlife of Gondwana arranged by Mr Rich’s partner, Pat Rich, opens at the National Wool Museum in Geelong from July 27.

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