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29-31 Yuilles Road
Mornington VIC 3931
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Sold on 11 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
Nichols Crowder - Mornington
Nichols Crowder - Mornington
4/230 Main St
Mornington, VIC 3931

Property Highlights

Date Sold11 May 2021
Floor Area190 m²
Land Area907 m²
ParkingAsk Agent
Property ID2016924713
Category
Last updated  14 May 2021
Map for 29-31 Yuilles Road Mornington VIC 3931

Nearest transport* to 29-31 Yuilles Road Mornington VIC 3931

Bus
Flinders Park/Mornington-Tyabb Rd (Mornington)144 m
Main (north) St/Nepean Hwy (Mornington)177 m
Diane St/Mornington-Tyabb Rd (Mornington)267 m
Peninsula Community Theatre/Nepean Hwy (Mornington)330 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Nichols Crowder - Mornington
Nichols Crowder - Mornington
4/230 Main St
Mornington, VIC 3931

Property Highlights

Date Sold11 May 2021
Floor Area190 m²
Land Area907 m²
ParkingAsk Agent
Property ID2016924713
Category
Last updated  14 May 2021

Co-Agents

Jamie  Stuart
Jamie Stuart
Nichols Crowder - Mornington
Call
0412 565 562
Tanya Scagliarini
Tanya Scagliarini
Nichols Crowder - Mornington
Call
0438 289 859
Joshua Monks
Joshua Monks
Nichols Crowder - Mornington
Call
0409 335 179

More about 29-31 Yuilles Road Mornington VIC 3931

29-31 Yuilles Road Mornington VIC 3931 is categorized as Shop & Retail Property. It has a floor area of 190 m² and a land area of 907 m². The listing ID for this property is 2016924713.

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