Skip to main content
SearchBack to results
Sold on 13 May 2021

29-31 Yuilles Road Mornington VIC 3931

  • Shop & Retail
  • 190 m²
  • Sold

Mixed-Use Development with Income

    Auction Wednesday 19th May 2021 at 12.30pm on site.

    A remarkable opportunity to purchase a double frontage mixed-use development site in Mornington on the Mornington Peninsula.

    Moments from Main Street retail precinct and across the road from Flinders Park, this property ticks all the boxes when it comes to an opportunity to occupy, invest, add-value to the existing improvements or completely redevelop the site (STCA).

    Currently occupied by two tenants, Bays Auto Paints at 29-31 Yuilles Rd (since 2004) and a residential property at 32 Wood St on a monthly tenancy.

    The commercial lease expires in April 2022, providing the option for vacant possession, however, the tenant has expressed a strong interest to renegotiate a new long term lease.

    The property offers an income stream provided by both tenancies with the potential to either develop the site around the existing premises or start from scratch, the choice is yours.

    Further benefits of this irreplaceable site include:

    * Significant land holding of 907sqm*
    * Building area: 190sqm (29-31 Yuilles Road)
    * Two bedroom residential property (32 Wood Street)
    * Two street frontages (Yuilles Rd & Wood St)
    * Prime Commercial 1 Zoning
    * Double fronted retail with stable income
    * Perfect investment, redevelopment or value- add site (STCA)

    * Terms: 10% deposit, balance 30/60 days

    For further information or to arrange an inspection, please contact:

    Jamie Stuart - 0412 565 562
    Tanya Scagliarini - 0438 289 859
    Josh Monks - 0409 335 179

    PLEASE NOTE:

    * Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

    * All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

    AUCTION

    Auction date and time19/05/2021 12:30
    Auction location29-31 Yuilles Road, Mornington VIC
    Jamie  Stuart
    Nichols Crowder - Mornington
    Jamie Stuart
    Nichols Crowder - Mornington
    Tanya Scagliarini
    Nichols Crowder - Mornington
    Tanya Scagliarini
    Nichols Crowder - Mornington
    Joshua Monks
    Nichols Crowder - Mornington
    Joshua Monks
    Nichols Crowder - Mornington

    Property Highlights

    Property ID2016924713
    Date Sold13 May 2021
    Floor Area190 m²
    Land Area907 m²
    ParkingAsk Agent
    Category
    Last updated  14 May 2021
    Map for 29-31 Yuilles Road Mornington VIC 3931
    Map for 29-31 Yuilles Road Mornington VIC 393129-31 Yuilles  Road Mornington VIC 3931
    Jamie  Stuart
    Nichols Crowder - Mornington
    Jamie Stuart
    Nichols Crowder - Mornington
    Tanya Scagliarini
    Nichols Crowder - Mornington
    Tanya Scagliarini
    Nichols Crowder - Mornington
    Joshua Monks
    Nichols Crowder - Mornington
    Joshua Monks
    Nichols Crowder - Mornington

    Property Highlights

    Property ID2016924713
    Date Sold13 May 2021
    Floor Area190 m²
    Land Area907 m²
    ParkingAsk Agent
    Category
    Last updated  14 May 2021
    Nichols Crowder - Mornington
    4/230 Main St Mornington VIC 3931
    Jamie  Stuart
    Nichols Crowder - Mornington
    Jamie Stuart
    Nichols Crowder - Mornington
    Tanya Scagliarini
    Nichols Crowder - Mornington
    Tanya Scagliarini
    Nichols Crowder - Mornington
    Joshua Monks
    Nichols Crowder - Mornington
    Joshua Monks
    Nichols Crowder - Mornington
    Jamie  Stuart

    Jamie Stuart

    Nichols Crowder - Mornington

    Tanya Scagliarini

    Tanya Scagliarini

    Nichols Crowder - Mornington

    Joshua Monks

    Joshua Monks

    Nichols Crowder - Mornington

    0412 *** ***
    0412 565 562

    More Properties for Sale from Nichols Crowder - Mornington

    Shops 1-9/53-55 Barkly Street Mornington VIC 3931
    Sold
    shops 1-9/53-55 barkly street,mornington, VIC 3931
    1,015 m²
    Shop & Retail
    29/31 Milgate Drive Mornington VIC 3931
    Sold
    29/31 milgate drive,mornington, VIC 3931
    147 m²
    Factory, Warehouse & Industrial
    2/12 Trewhitt Court Dromana VIC 3936
    Sold
    2/12 trewhitt court,dromana, VIC 3936
    200 m²
    Factory, Warehouse & Industrial
    Contact Agent