For Sale by Public Auction Wednesday 6 August at 11am Onsite
Held in the same ownership for nearly 40 years, this is a once-in-a-generation opportunity to secure a premium commercial holding in one of the Mornington Peninsula's most tightly held and sought-after locations.
Comprising 11 individual titles to be sold in one line, the property occupies a substantial Commercial 1 Zoned landholding of approx. 1,750sqm with a total building area of approx. 936sqm. This highly flexible zoning provides exceptional scope for a range of future uses or potential redevelopment (STCA).
With a fully leased estimated income of $436,912 + GST, this asset offers both a secure income stream and long-term upside.
Key features include:
11 separate titles to be sold in one line
Flexible Commercial 1 Zoning the highest commercial classification on the Peninsula
Outstanding exposure with three street frontages
Rear onsite parking + direct access to large council all-day carpark (Blamey Place)
Positioned at the gateway to vibrant Main Street Mornington
Ideal for investors, SMSF's and developers
A standout opportunity to invest, occupy or redevelop in a blue-chip Mornington location. With substantial holding income and rare scale, this is a strategic acquisition you won't want to miss.
You don't want to pass up this unique chance to secure a landmark property with unrivalled potential.