THE BEST POSITIONED RETAIL INVESTMENT
17 Main Street
Mornington
290.00m2
Retail
Gross Waddell ICR and Nichols Crowder are privileged to offer for sale 17 Main Street, Mornington via For Sale by Set Date closing Thursday 13th November at 2pm.
Positioned in the thriving premier food and entertainment precinct of Main Street, this superb two-level freehold retail investment offers 2 titles to be sold either as a whole or offered individually.
Key features include:
• Prime location, beach end of Main Street
• Surrounded by renowned eateries and retail boutiques
• Standalone two-level building of 290sqm* (over 2 titles)
• Generous land area of 190sqm* with R.O.W via council car park
• Two secure tenancies and leases in place to quality operators (option periods already exercised)
• Combined net income $138,227 p.a. + GST
• Favourable Commercial 1 Zoning, offering future development upside (STCA)
GROUND FLOOR TENANCY- 1/17 MAIN STREET, MORNINGTON
• Building area: 145sqm*
• Tenanted by renowned local retail boutique - Artisan's Alley
• 3-year lease (intent to renew notice provided*)
• Net Income: $91,800 p.a. + GST (as at 1st July 2026)
• 3.5% annual increases and market review at option
• Strong security deposit and guarantees
FIRST FLOOR TENANCY - 2/17 MAIN STREET, MORNINGTON
• Building area: 145sqm*
• Long-term tenant since 2016- Madeline Kate Brow & Skin Boutique
• 3-year lease with further 3-year option
• Net Income: $46,427p.a. + GST
• 4% annual increases and market review at option
17 Main Street, Mornington is offered for Sale by Set Date closing Thursday 13th November at 2pm.
For further information or to arrange an inspection, please contact Gross Waddell ICR or Nichols Crowder directly.
Gross Waddell ICR:
Alex Ham – 0410 545 226
Nichols Crowder:
Jamie Stuart – 0412 565 562
*Approx.
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