GormanKelly is pleased to offer 85-97 Beleura Hill Road, Mornington for sale by auction.
View the property video: http://bit.ly/1mFozRn
This is a rare opportunity providing a hassle-free, secure investment in a unique location with an upside of development potential!
We believe the most outstanding aspects of this property include:
* First time offered in 50 + years
* 6 shops, 6 titles to be sold as 1
* Leased to long term established tenants - monthly leases
* Substantial land area of 1,360m²*
* Total rental $113,167.56 pa + outgoings and GST (POTENTIAL FOR RENTAL GROWTH)
* Rare landbank with income & significant development potential (STPA)
* 2 street frontages, rear lane access and onsite parking
* Corner location with a combined frontage of over 75 metres* to Beleura Hill Rd & Shandon St
* Commercial 1 Zoning
* Only minutes drive to the Mornington Homemakers Centre, the water front and Morningtons main retail precinct
85-97 Beleura Hill Road, Mornington is located on the south east corner of Beleura Hill Road and Shandon Street. The property is located approximately 50km* south of the Melbourne CBD across the bay within the Shire of Mornington Peninsula.
Mornington is known for its "village" atmosphere and its beautiful beaches and is a popular tourist destination with Melburnians who often make day trips to visit the area's bay beaches and wineries. The town centre runs along Main Street into the foreshore area and local beach, which features a yacht club, restaurant and park with playground facilities.
Beleura Hill Road is located approximately 1.2km east of Main Street which is anchored by two major shopping centres and features a variety of specialty boutiques, cafes and restaurants along with a number of national retailers and amenities. Mornington offers a modern library, cinema and numerous parks, gardens and historical buildings, many of which are open to the public. It holds several annual festivals, and holds a market day in the main street every Wednesday, which attracts hundreds of people.
