1, 30 Progress Street, Mornington, VIC 3931

Industrial

Sold $800,000

  • Property ID: 436804
  • Floor Area: 225m²
  • Land Area: 389m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 30/01/2024 225m2 389m2 $760,000
Securely Leased Industrial Investment

Jacobs and Lowe are proud to market 1/30 Progress Street Mornington. A securely leased Industrial Investment with a high-profile Progress Street frontage.

Building: 225m2 (approx.)
Land: 389m2 (approx.)

3% Annual Increase
Lease Term: 5 Years x 5 Years commenced April 2022 (currently in first term)
Annual Net Income $29,046 plus GST and outgoings (approx.)

Don't miss this opportunity to buy an Industrial Investment in Mornington. For further information or to arrange an inspection contact Jeremy Lewis or 0417 047 092 or Michelle Adams on 0407 743 858.

Mornington Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5311 $327 6.16%
Industrial $5095 $101 1.99%
Offices --- $330 ---
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 Industrial 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.
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  Jacobs & Lowe Real Estate

 

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Property Detail Notes:

  • 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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