13/83 Watt Road

Mornington VIC 3931

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› 13/83 Watt Road, Mornington VIC 3931

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 time	13/09/2023 10:30
Auction location	Crown Casino - River Room - Melbourne

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	14 Sep 2023
Floor Area	179 m²
Land Area	471 m²
Parking	Ask Agent
Property ID	2018709521
Category	Shop & Retail Factory, Warehouse & Industrial
Last updated	14 Sep 2023

Map for 13/83 Watt Road Mornington VIC 3931

Nearest transport* to 13/83 Watt Road Mornington VIC 3931

Bus

Train

Tram

Ferry

Dallas Brooks Park/Mornington - Tyabb Rd (Mornington)	558 m
Mornington Ret Village/Mornington-Tyabb Rd (Mornington)	567 m
Mornington Ret Village/Mornington-Tyabb Rd (Mornington)	568 m
Mornington Park PS/Robertson Dr (Mornington)	679 m

*Within a 4km radius

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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	14 Sep 2023
Floor Area	179 m²
Land Area	471 m²
Parking	Ask Agent
Property ID	2018709521
Category	Shop & Retail Factory, Warehouse & Industrial
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.