831 - 833 Nepean Highway,
Mornington, VIC 3931

Warehouse, Factory & Industrial • Other

Key property information

Land area

Floor area

Parking info

Property extent

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Map of 831 - 833 Nepean Highway

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LOCATION LOCATION LOCATION!

Secure Tenant
Main Road Location
Invest for Future Development or Occupy

FIRST TIME OFFERED FOR SALE

For Sale By EXPRESSION OF INTEREST Closing Thursday the 20th of March 2025 at 4:00PM

Collins Commercial & Industrial is delighted to bring to market for the first time, the Gordon Glass factory and showroom in the heart of Mornington.

This premium property is in a prime location with main road exposure. It is perfect for buying as an investment for future development or to occupy. 831 - 833 Nepean Highway Mornington is to be sold by Expressions of Interest closing Thursday 20th March 2025 at 4PM.

KEY PROPERTY FEATURES:
Main Road Location
Secure Tenant
Current use: retail & storage of glass products
Two separate titles
EOI closing Thursday 20th March, 2025 at 4PM

BUILDING AREA: 860 sqm*
SITE AREA: 1,735 sqm*
RENTAL: $104,551 per annum + GST
OUTGOINGS: Payable by Tenant
LEASE COMMENCEMENT: July, 2022
LEASE EXPIRY: July, 2027
OPTION PERIOD: 5 + 5 years
ANNUAL REVIEWS: 3.5% and then Market Review applicable at the commencement of every option period.

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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

Collins Commercial & Industrial - Dandenong

93B Cheltenham Road
DANDENONG, VIC 3175