31 Progress Street,
Mornington, VIC 3931
Warehouse, Factory & Industrial
Detailed listing
Key property information
Floor area
Car spaces
Property extent
Tenure type
Sold on
Sutherland Farrelly - East Melbourne
43 Agnes StreetEAST MELBOURNE, VIC 3002
31 Progress Street
Mornington, VIC 3931
Detailed listing
Map of 31 Progress Street
A PROGRESSIVE INDUSTRIAL INVESTMENT
Sutherland Farrelly together with Nichols Crowder are proud to present this premier industrial investment in the famed ‘Progress Street’, in the heart of the Mornington Industrial precinct.
Securely leased to Trade Products Pty Ltd t/as Trade Products Hardware Central and BlueCroc.
Located in the heart of the Mornington industrial precinct close to Peninsula Link and opposite Common Folk Coffee, the Nook and Strong Pilates Mornington.
Key features:
- Term: 3 year lease with a further 3 year option (Comm. April 2022)
- Current tenant in occupation since 2018
- Expansive 1,500 sqm* office/warehouse
- Net income: $144,615.36 per annum plus GST
- Tenant pays all usual outgoings excluding Land Tax
- Fixed 3.5% rent increases
- Generous onsite parking for 20 cars*
*approx
Auction to be held on Friday 25 March at 12:30 pm onsite
Securely leased to Trade Products Pty Ltd t/as Trade Products Hardware Central and BlueCroc.
Located in the heart of the Mornington industrial precinct close to Peninsula Link and opposite Common Folk Coffee, the Nook and Strong Pilates Mornington.
Key features:
- Term: 3 year lease with a further 3 year option (Comm. April 2022)
- Current tenant in occupation since 2018
- Expansive 1,500 sqm* office/warehouse
- Net income: $144,615.36 per annum plus GST
- Tenant pays all usual outgoings excluding Land Tax
- Fixed 3.5% rent increases
- Generous onsite parking for 20 cars*
*approx
Auction to be held on Friday 25 March at 12:30 pm onsite
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
Sutherland Farrelly - East Melbourne43 Agnes Street
EAST MELBOURNE, VIC 3002
EAST MELBOURNE, VIC 3002
Nichols Crowder - MORNINGTON4/230 Main Street
MORNINGTON, VIC 3931
MORNINGTON, VIC 3931