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175-181 Main Street
Mornington VIC 3931
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175-181 Main Street Mornington VIC 3931

  • Shop & Retail
  • 186 m²
  • For Sale, $4,900,000 - $5,300,000

Mornington Freehold with 4 Retail Shops & Residential Home all on 1 Title

    Nichols Crower is pleased to offer to the market for sale 175-181 Main Street and 5 Barrett Lane, Mornington.

    This exceptional property located in the heart of Mornington offers an exciting opportunity for investors or developers.

    Encompassing four (4) fully leased retail shops and a spacious five-bedroom residence (split into two tenancies) at the rear, the property is being offered to the market as a whole, on one title.

    This is a rare opportunity to acquire a solid investment with potential for future growth in one of the Mornington Peninsula's most sought-after Main Street positions.

    Key features include:

    * Total land area: 814sqm*
    * Building area: 186sqm* plus residence
    * Three frontages over 20m* to Main Street, Barrett Lane and R.O.W. via pedestrian walkway
    * Four retail shops: fully leased with an income of $151,034 per annum + GST*
    * Five-bedroom residence: split into two tenancies (one vacant) returning $18,200 per annum* with further rental potential of $15,600 per annum*
    * Zoning: Commercial 1, allowing for future development up to 11m or 3 levels (STCA)
    * Prime location: positioned on the favorable western side of Main Street, ensuring morning and afternoon sunshine
    * Parking: one of the most convenient locations, set amongst 1,500+ free council car parks, and bookended by 2 major shopping centres, Mornington Village (ALDI) and Mornington Central (Woolworths and Coles)

    For further information or to arrange an inspection, please contact the listing agents.

    PLEASE NOTE:

    * All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

    * By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.

    Nichols Crowder - Mornington
    Nichols Crowder - Mornington
    4/230 Main St
    Mornington, VIC 3931

    Property Highlights

    Floor Area186 m²
    Land Area814 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019829517
    Category
    Last updated  23 Apr 2025
    Map for 175-181 Main Street Mornington VIC 3931

    Nearest transport* to 175-181 Main Street Mornington VIC 3931

    Bus
    Train
    Tram
    Ferry
    Barkly Street Bus Interchange/Barkly St (Mornington)123 m
    Barkly Street Bus Interchange/Barkly St (Mornington)143 m
    The Bays Hospital/Main St (Mornington)169 m
    The Bays Hospital/Main St (Mornington)217 m
    This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
    *Within a 4km radius
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    Nichols Crowder - Mornington
    Nichols Crowder - Mornington
    4/230 Main St
    Mornington, VIC 3931

    Property Highlights

    Floor Area186 m²
    Land Area814 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019829517
    Category
    Last updated  23 Apr 2025

    Co-Agents

    Jamie  Stuart
    Jamie Stuart
    Nichols Crowder - Mornington
    Call
    0412 565 562
    Tristan Cummings
    Nichols Crowder - Mornington
    Call
    0418 307 751

    More about 175-181 Main Street Mornington VIC 3931

    175-181 Main Street Mornington VIC 3931 is categorized as Shop & Retail Property. It has a floor area of 186 m² and a land area of 814 m². The listing ID for this property is 2019829517.

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