FOR SALE
$925,000 plus GST if applicable

2/92 Watt Road
Mornington VIC 3931

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 255m2
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Tenanted Investment For Sale

Jacobs and Lowe are proud to market 2/92 Watt Road Mornington. A tenanted investment returning $33,500 PA + GST + Outgoings.
* 255m2 approx of warehouse space
* Busy Watt Road location
* Allocated carparking
* Front office / display space
* 1 year lease plus a further option of 2 years - commenced 17th December 2023
* Kitchenette with adjoining lunch or meeting room area
* Roller door
For further information or to arrange an inspection contact Jeremy Lewis 0417 047 092 or Michelle Adams on 0407 743 585.

Property Details for 2/92 Watt Rd, Mornington

Building Type
Commercial
Floor Size
255m2

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About Mornington 3931

The size of Mornington is approximately 21.3 square kilometres. It has 58 parks covering nearly 13.4% of total area. The population of Mornington in 2011 was 22,421 people. By 2016 the population was 23,995 showing a population growth of 7.0% in the area during that time. The predominant age group in Mornington is 60-69 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 71.5% of the homes in Mornington were owner-occupied compared with 71.6% in 2016.

Mornington has 15,589 properties. Over the last 5 years, Houses in Mornington have seen a 31.12% increase in median value, while Units have seen a 21.93% increase. As at 30 November 2024:

  • The median value for Houses in Mornington is $1,110,129 while the median value for Units is $767,883.
  • Houses have a median rent of $690 while Units have a median rent of $580.
There are currently 56 properties listed for sale, and 14 properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 547 properties were sold in the past 12 months in Mornington.

Suburb Insights for Mornington 3931

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Michelle Adams
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Jeremy Lewis
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Jacobs & Lowe Estate Agents
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.