Nichols Crowder are delighted to offer for sale this unprecedented Investment/permit approved multi-story development.
Currently utilized as a self-storage facility with the current income of $95,000 pa with the rent capable of being increased significantly to a current market rate.
The investment property market is growing daily with the share market down and money sitting in the banks not earning a decent return, this ticks all the boxes plus the upside of redevelopment of double story professional offices and 3 levels of 204 storage units and 40 plus onsite undercover secure parks.
Keys features include:
* Current rental return $95,000 p.a. with the upside of the rent to increase
* Huge land holding of 2,354 sqm*
* Dual street frontage
* Permit approved multi-level commercial buildings and self-storage
* Opposite Mornington Central shopping Centre, Mornington primary school and the Bays Hospital
* Property to be sold as a going concern (no GST applicable)
For further information or to arrange an inspection, please contact:
Tom Crowder - 0438 670 300
Jamie Stuart - 0412 565 562
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
For more details, please email agent