175-181 Main Street, Mornington, Vic 3931

Nichols Crower is pleased to offer to the market for sale 175-181 Main Street & 5 Barrett Lane, Mornington. 

This exceptional property located in the heart of Mornington offers an exciting opportunity for investors or developers. Encompassing four (4) fully leased retail shops and a spacious five-bedroom residence (split into two tenancies) at the rear, the property is being offered to the market as a whole, on one title via Expressions of Interest Closing Thursday 3rd April at 2pm.

This is a rare opportunity to acquire a solid investment with potential for future growth in one of the Mornington Peninsula's most sought-after Main Street positions. 

Key features include:

•	Total Land Area: 814sqm* 
•	Building Area: 186sqm* plus residence 
•	Three Frontages over 20m to Main Street, Barrett Lane and R.O.W. via pedestrian walkway
•	Four Retail Shops: Fully leased with an income of $151,034 per annum plus GST *
•	Five-Bedroom Residence: Split into two tenancies (one vacant) returning $18,200 per annum* with further rental potential of $15.600 per annum*.
•	Zoning: Commercial 1, allowing for future development up to 11m or 3 levels (STCA)
•	Prime Location: Positioned on the favorable western side of Main Street, ensuring morning and afternoon sunshine
•	Parking: one of the most convenient locations, set amongst 1,500+ free council car parks, and bookended by 2 major shopping centres, Mornington Village (ALDI) & Mornington Central (Woolworths & Coles)

175-181 Main Street & 5 Barrett Lane, Mornington is offered for sale via Expressions of Interest Closing Thursday 3rd April at 2pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Nichols Crowder.