Entry Level Investment Opposite Mornington Central
11/9-11 Blake Street , Mornington VIC
Property Highlights
Description
Burgess Rawson are pleased to offer to the market, Sky Nails & Beauty in Mornington VIC for sale via private treaty.
The property has the following investment highlights:
+ Secure Five (5) year lease to May 2027 plus option to 2032.
+ Sky Nails & Beauty: successful beauty salon operating on site for 6+ years.
+ Generous fixed 3.5% annual rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Immaculately presented 70sqm* salon.
+ Situated on a high-profile corner with huge exposure to passing foot and vehicular traffic.
+ Prime CBD position directly opposite Vicinity owned Mornington Central (38 retailers inc Woolworths & Coles).
+ Entry level investment opportunity.
+ Mornington: booming sea-change destination and capital of the Mornington Peninsula.
+ Mornington Peninsula: tourism hot spot with 8.2 million visitors in past 12 months to March 2023, up 57% from 2022. **
+ Net Income: $59,831pa* + GST
***The adjoining property, Unit 12, which is occupied by Blow Kulture is also available separately. ***
To be sold by Private Treaty
*Approx
**mornpen.vic.gov.au
Property Details
Price
Asking $1,080,000