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13/83 Watt Road
Mornington VIC 3931
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Sold on 14 Sep 2023

13/83 Watt Road Mornington VIC 3931

  • Shop & Retail
  • 179 m²
  • Sold

New 7 Year Lease to 2029 | Tightly Held & Fully Leased Industrial Precinct

    + New 7 year lease to 2029, plus options through to 2044.
    + Café Thirteen83: proven and reputable Mornington Peninsula café, trading 6 days per week, offering dine in, takeaway and catering options, est. 2014.
    + Rare 4% fixed annual rent increases, ensuring future rental growth.
    + Tenant pays all usual outgoings
    + Prime central 471sqm* corner site, which includes alfresco dining areas and 43 metres road exposure.
    + Modern spacious 179*sqm premises with enormous exposure
    + Strategic front and centre corner gateway position at entrance to a booming fully leased industrial estate, within 1.3*km of Coles, Pet Stock & Supercheap Auto.
    + Includes important 9 car spaces on-title, plus 6 additional licensed car spaces.
    + Single tenanted investment requiring minimal management.
    + Significant depreciation tax benefits.
    + Easily accessible via Tyabb Road & Nepean Highway, servicing a combined 44,790 vehicles daily.
    + Highly desirable Mornington Peninsula location.
    + Mornington Peninsula Shire: booming sea-change and tourism destination, current population of 172,235.
    + Net Income: $73,490* pa + GST

    AUCTION

    Auction date and time13/09/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 Sep 2023
    Floor Area179 m²
    Land Area471 m²
    ParkingAsk Agent
    Property ID2018709521
    Category
    Last updated  14 Sep 2023
    Map for 13/83 Watt Road Mornington VIC 3931
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 Sep 2023
    Floor Area179 m²
    Land Area471 m²
    ParkingAsk Agent
    Property ID2018709521
    Category
    Last updated  14 Sep 2023

    Co-Agents

    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083
    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304

    More about 13/83 Watt Road Mornington VIC 3931

    13/83 Watt Road Mornington VIC 3931 is categorized as Shop & Retail Property. It has a floor area of 179 m² and a land area of 471 m². The listing ID for this property is 2018709521.

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