BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Renewed 5 Year Lease\, 2\,602sqm* Site | The Peninsula's Only Licensed Heavy Vehicle Roadworthy Centre\nCBRE is pleased to offer to the market Peninsula Diesel\, located at 373 Racecourse Road\, Mornington VI C 3931 for sale via Portfolio Auction 186.\n\nThis opportunity has the fo llowing key investment highlights:\n\n+ Renewed Five (5) Year Lease throu gh to 2029 plus further Five (5) year option through to 2034.\n+ Peninsul a Diesel\, servicing & repairs for trucks\, 4WDs\, commercial & bus fleet s across S/E Melbourne. The Peninsula's only licensed heavy vehicle roadw orthy centre.\n+ Attractive net lease structure with tenant responsible f or usual outgoings.\n+ Fixed 3% annual increases\, ensuring compounding r ental growth.\n+ High profile 2\,602sqm* site with direct frontage to Rac ecourse Road\, directly opposite Mornington Racecourse.\n+ Versatile 1\,4 27sqm* high clearance facility with capital intensive fitout incl. roller brake test machine\, multiple 20 tonne hoists\, modern office space plus huge hardstand.\n+ Surrounded by important social infrastructure includi ng 13 schools servicing a combined 9\,877 full-time students. (1)\n+ Morn ington: affluent seaside south-east Melbourne location with a median hous e price up over 12% in the last twelve months to $1\,200\,000. (2)\n+ Mor nington Peninsula: Home to 176\,389 people\, supporting 62\,311 jobs and has an annual economic output of $23.646 billion. (3)\n+ Net Income: $195 \,467pa* + GST\n\nTo be sold by Investment Portfolio Auction\n10:30am AES T Wednesday 5 August 2026\nPromenade\, Crown Casino\, Melbourne\n\n\n* Ap prox\n1. GapMaps\n2. ***\n3. REMPlan/Mornington Peninsula Shire DTEND:20260805T113000 DTSTAMP:20260706T080122Z DTSTART:20260805T103000 LOCATION:Crown Casino - Melbourne SEQUENCE:0 SUMMARY:Auction: 373 Racecourse Road\, Mornington VIC UID:CRE-2020974868-Auction X-ALT-DESC;FMTTYPE=text/html:< title>

Renewed 5 Year Lease\, 2\,602sqm* S ite | The Peninsula's Only Licensed Heavy Vehicle Roadworthy Centre
CBRE is pleased to offer to the market Peninsula Diesel\, located at 373 Racecourse Road\, Mornington VIC 3931 for sale via Portfolio Auction 186 .

This opportunity has the following key investment highligh ts:

+ Renewed Five (5) Year Lease through to 2029 plus furth er Five (5) year option through to 2034.
+ Peninsula Diesel\, servi cing & repairs for trucks\, 4WDs\, commercial & bus fleets across S/E Mel bourne. The Peninsula's only licensed heavy vehicle roadworthy centre. + Attractive net lease structure with tenant responsible for usual ou tgoings.
+ Fixed 3% annual increases\, ensuring compounding rental growth.
+ High profile 2\,602sqm* site with direct frontage to Race course Road\, directly opposite Mornington Racecourse.
+ Versatile 1\,427sqm* high clearance facility with capital intensive fitout incl. ro ller brake test machine\, multiple 20 tonne hoists\, modern office space plus huge hardstand.
+ Surrounded by important social infrastructur e including 13 schools servicing a combined 9\,877 full-time students. (1 )
+ Mornington: affluent seaside south-east Melbourne location with a median house price up over 12% in the last twelve months to $1\,200\,0 00. (2)
+ Mornington Peninsula: Home to 176\,389 people\, supportin g 62\,311 jobs and has an annual economic output of $23.646 billion. (3)
+ Net Income: $195\,467pa* + GST

To be sold by Investm ent Portfolio Auction
10:30am AEST Wednesday 5 August 2026
Pr omenade\, Crown Casino\, Melbourne

* Approx
1. GapMaps
2. ***
3. REMPlan/Mornington Peninsula Shire

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