831 - 833 Nepean Highway Mornington VIC 3931

FIRST TIME OFFERED FOR SALE

For Sale By EXPRESSION OF INTEREST Closing Thursday the 20th of March 2025 at 4:00PM

Collins Commercial & Industrial is delighted to bring to market for the first time, the Gordon Glass factory and showroom in the heart of Mornington.

This premium property is in a prime location with main road exposure. It is perfect for buying as an investment for future development or to occupy. 831 - 833 Nepean Highway Mornington is to be sold by Expressions of Interest closing Thursday 20th March 2025 at 4PM.

KEY PROPERTY FEATURES:
Main Road Location
Secure Tenant
Current use: retail & storage of glass products
Two separate titles
EOI closing Thursday 20th March, 2025 at 4PM

BUILDING AREA: 860 sqm*
SITE AREA: 1,735 sqm*
RENTAL: $104,551 per annum + GST
OUTGOINGS: Payable by Tenant
LEASE COMMENCEMENT: July, 2022
LEASE EXPIRY: July, 2027
OPTION PERIOD: 5 + 5 years
ANNUAL REVIEWS: 3.5% and then Market Review applicable at the commencement of every option period.