Entry Level Investment Opposite Mornington Central
12/9-11 Blake Street , Mornington VIC
Property Highlights
Description
Burgess Rawson are pleased to offer to the market, Blow Kulture in Mornington VIC for sale via private treaty.
The property has the following investment highlights:
+ Secure Three (3) year lease to January 2025 plus option to 2028.
+ Blow Kulture: proven hair and make-up salon in occupation for 4+ years.
+ Generous fixed 4% annual rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Immaculately presented 74sqm* 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: $58,267pa* + GST
***The adjoining property, Unit 11, which is occupied by Sky Nails & Beauty is also available separately. ***
To be sold by Private Treaty.
*Approx
**mornpen.vic.gov.au
Property Details
Price
Asking $1,050,000