SOLD
Sold on 28 Jun 2024 for $25,500,000

219-257 Main Street
Mornington VIC 3931

Bedrooms: -
Bathrooms: -
Car spaces: 259
Land area: 13179m2
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Property Details for 219-257 Main St, Mornington

Building Type
Commercial
Land Size
13179m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP821260

Last Listing description (October 2023)

CBRE Victorian Retail Investments are excited to offer for sale, on behalf of MAB Corporation, the opportunity to acquire the Mornington Village Shopping Centre.

Property History for 219-257 Main St, Mornington, VIC 3931

A timeline of how this property has performed in the market
Last Sold
$25,500,000
28 Jun 2024
  • 28 Jun 2024
    Sold for $25,500,000
  • 31 May 2018
    Sold for $39,380,000
  • 28 Feb 2014
    Listed for Sale Contact Agent

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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 15,533 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 63 properties listed for sale, and 13 properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 527 properties were sold in the past 12 months in Mornington.

Suburb Insights for Mornington 3931

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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.