Shops 1-4, 16-18a Main Street, Mornington, VIC 3931

Retail

Sold

  • Property ID: 402386
  • Floor Area: 136m² - 250m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
16 Main St Sold N/A 136m2 N/A Contact Agent
16a-18 Main St Sold N/A 236m2 N/A Contact Agent
18a Main St Sold N/A 250m2 N/A Contact Agent
2 PRIME INVESTMENTS - ALL ON 10 YEAR LEASES FROM 2019

Vinci Carbone Property & Russell Murphy Real Estate are pleased to be able to offer for sale these two (2) magnificent retail investments situated on Main Street, Mornington in the heart of the Mornington Peninsulas most vibrant retail and tourist precinct.

The two (2) investment opportunities are all offered with 10 year leases from 2019 to thriving eateries that are well patronised by locals and visitors to the Mornington Peninsula.

The properties comprise the ground floor retail component of the award winning Miramar Building which was completed in 2019.

Key highlights:

The two (2) shops are fully leased on 10 year leases from 2019
Tio Tapas Y Vino returning $108,736 pa* (net)
Okami returning $180,680 pa* (net)
Areas: 16 Main St (Shop 1): 136 sqm*, 16a-18 Main St (Shops 2 & 3): 236 sqm*
Frontages: 16 Main St (Shop 1): 10 m*, 16a-18 Main St (Shops 2 & 3): 18 m*
Basement parking is available for 3 cars
Prominent corner position
Tax depreciation benefits
Well patronised businesses
Miramar - award winning building completed in 2019

FOR SALE - OFFERED SEPARATELY

*approx

Additional Information
Features
  • Car Spaces: 5
Mornington Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5311 $428 8.06%
Industrial $5095 $101 1.99%
Offices --- $443 ---
This is the average advertised price, rent and yield for Mornington, VIC 3931*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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