FOR SALE
$3,500,000 plus GST if applicable

994 Nepean Highway
Mornington VIC 3931

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 304m2
Land area: 1788m2
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Golden Mile - Ultimate Nepean Highway Frontage

Don't miss out on this rare investment opportunity being offered for the first time in over 55 years.
Jacobs and Lowe proudly present 994 Nepean Highway Mornington - a tenanted investment occupied by one of Mornington's longest established businesses.
•     3 plus 3 years commencing 17th June 2022
•     Land area: 1788m2 (approx)
•     Building: 304m2 (approx)
•     20.6 metre frontage to Nepean Highway
Superbly positioned property on Nepean Highway (29,000* cars passing daily) with direct proximity to the established Main Street Retail precinct and foreshore, as well as being surrounded by an established and growing residential catchment area.
Act fast before it's too late.
For further information or to arrange an inspection contact Jeremy Lewis 0417 047 092 or Michelle Adams on 0407 743 858

Property Details for 994 Nepean Hwy, Mornington

Building Type
Commercial
Floor Size
304m2
Land Size
1788m2

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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 15,534 properties. Over the last 5 years, Houses in Mornington have seen a 43.75% increase in median value, while Units have seen a 21.35% increase. As at 31 October 2024:

  • The median value for Houses in Mornington is $1,097,753 while the median value for Units is $759,595.
  • Houses have a median rent of $698 while Units have a median rent of $575.
There are currently 62 properties listed for sale, and 13 properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 531 properties were sold in the past 12 months in Mornington.

Suburb Insights for Mornington 3931

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Jeremy Lewis
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Michelle Adams
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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.