Prime Investments with significant Development Upside

IDEALLY SITUATED ON THE ESPLANADE WITH UNINTERUPTED BAY VIEWS The Properties combine to forma wide Esplanade frontage of 30 Metres on a site area of 1003 Sqm.

There is a current Planning Permit to construct a three level + Basement comprising of 13 Boutique Apartments plus ground floor retail ideal for Restaurants and Cafes.

The properties are Securely leased and are currently returning $236,644 per annum. A 12 Month Development Break Clause is containd within the lease to facilitate the future development of the property.

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Property Information

  • Land Size 1003 m2
  • Building Size 1048 m2
  • Type Development

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Stunning Waterfront Investment Securely Leased

Mornington 786 Esplanade

Stunning Waterfront Investment Securely Leased

$3,225,000

Property Type: Retail

Building Area: 750 m2 

Land Area: 215 m2 

Affordable Development Opportunity

Mornington 784 Esplanade

Affordable Development Opportunity

$1,100,000

Property Type: Development

Building Area: 205 m2 

Land Area: 215 m2 

Prime Investments with significant Development Upside

Mornington 784-786 Esplanade

Prime Investments with significant Development Upside

$3,250,000

Property Type: Development

Building Area: 1048 m2 

Land Area: 1003 m2 

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