Autobarn, 903 Nepean Highway,
Mornington, VIC 3931
Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Property extent
Tenure type
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Autobarn, 903 Nepean Highway
Mornington, VIC 3931
Map of Autobarn, 903 Nepean Highway
Autobarn Freehold with Value-Add | Autobarn's Only Store on the Mornington Peninsula
- Trophy 2,204sqm* landholding
- Very low 34% site coverage*
- Fixed 3.5% annual rent increases
Trophy 2,204sqm* corner landholding with very low 34% site coverage*.
High profile Nepean Highway position with 29,290* vehicles passing daily (1).
The only Autobarn store on the Mornington Peninsula, with a growing population of 168,990 (2).
The Autobarn brand is owned by Bapcor (ASX: BAP), a retail network of over 1,000 stores including stablemates AutoPro, Midas, Burson and ABS Brakes.
Bapcor Retail recently announced 2 year profit growth of 58.83%.
Current lease and options expire in February 2031, providing potential to expand and/or add-value STCA.
Fixed 3.5% annual rent increases providing strong and certain growth.
Prime retail position within 350 metres of Toyota, Ford, Kia, Mazda, McDonald's, KFC, Hungry Jack's, Bridgestone, Kennards and Petbarn.
Mornington: booming sea-change and tourism destination with 8% forecast population growth by 2036 (2).
Net Income: $203,384pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 14 September 2022
Crown Casino - River Room - Melbourne
*Approx
1. GapMaps
2. id
High profile Nepean Highway position with 29,290* vehicles passing daily (1).
The only Autobarn store on the Mornington Peninsula, with a growing population of 168,990 (2).
The Autobarn brand is owned by Bapcor (ASX: BAP), a retail network of over 1,000 stores including stablemates AutoPro, Midas, Burson and ABS Brakes.
Bapcor Retail recently announced 2 year profit growth of 58.83%.
Current lease and options expire in February 2031, providing potential to expand and/or add-value STCA.
Fixed 3.5% annual rent increases providing strong and certain growth.
Prime retail position within 350 metres of Toyota, Ford, Kia, Mazda, McDonald's, KFC, Hungry Jack's, Bridgestone, Kennards and Petbarn.
Mornington: booming sea-change and tourism destination with 8% forecast population growth by 2036 (2).
Net Income: $203,384pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 14 September 2022
Crown Casino - River Room - Melbourne
*Approx
1. GapMaps
2. id
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
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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