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Nichols Crowder - MORNINGTON

143-147 Main Street & Shops 3 & 4/59 Barkly Street Mornington, VIC 3931

143-147 Main Street & Shops 3 & 4/59 Barkly Street,
Mornington, VIC 3931

Shops & Retail
Added 2 days ago

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Tenure type

Auction

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Nichols Crowder - MORNINGTON
Tristan Cummings
Jamie Stuart

Nichols Crowder - MORNINGTON

4/230 Main Street
MORNINGTON, VIC 3931
Nichols Crowder - MORNINGTON
143-147 Main Street & Shops 3 & 4/59 Barkly Street
Mornington, VIC 3931

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Mornington's Centre Point Investment

AUCTION 4TH MARCH AT 12PM ON-SITE.

Occupying what many regard as Mornington's most prominent retail corner, the property represents a rare opportunity to secure a landmark commercial investment in the heart of Mornington.

With outstanding exposure across two streets, Centre Point is surrounded by some of Mornington's most established retailers, cafés and lifestyle operators, benefitting from constant passing foot and vehicle traffic.

The asset is securely underpinned by three (3) respected, secure and stable tenants, providing a reliable income stream. Combined with its substantial holding and prime, tightly held location, the property offers immediate investment appeal and the ability to benefit from future growth, driven by ongoing demand in the precinct.

Auction: Wednesday 4th March at 12pm on-site

Key features include:

* First time ever offered to the market
* Four (4) titles to be sold as one
* Total building area: 675sqm*
* 39m* of frontage to Main Street & Barkly Street
* Multi-tenanted investment with 3 stable and secure tenancies
* Income of $390,192 p.a. + GST + outgoings
* Mornington's best retail corner
* Positioned only 50 minutes from Melbourne CBD and boasts two neighbourhood shopping centres within 200m*

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.

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Mornington, 3931 demographic data

The median household income for Mornington is $1,451, 24% lower than Greater Melbourne's household income of $1,901. Mornington has an older age profile compared to the rest of Greater Melbourne (median age 50 vs 37). Property ownership data shows 41% of property owners in Mornington have a mortgage.

25,759
Population
$1,451 per week
Median household income
50 years
Median age
Owners
Most residents
Families
Most households

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