3/121 Mornington Road, Mornington, TAS 7018 | Commercial for sale | OnTheHouse
 
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3/121 Mornington Road
Mornington TAS 7018

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 360m2
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Fully Leased Industrial Warehouse with Abundance of Hardstand + Parking

RWC Tasmania offers for sale this fully leased industrial investment in tightly held Mornington - a leading industrial precinct on Hobart's Eastern shore, located 6km* from the Hobart CBD.
Property Highlights:
• Warehouse Area: 360 sqm*
• Multiple Electric Roller Door Access Points
• Internal Clearance: 5 metres*
• Zoning: 'Light Industrial' Tasmanian Planning Scheme - Clarence
• Site Area: 1,003 sqm* with 10 on-site parks, plus ample on-site parking*
• Leased until April 2027 + option through to 2030
• Current Net Income: $69,134 plus outgoings and GST*
If you're seeking a passive, set and forget type investment with future upside and attractive lease fundamentals, please contact the undersigned agents.
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Property Details for 3/121 Mornington Rd, Mornington

Building Type
Commercial
Floor Size
360m2
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About Mornington 7018

The size of Mornington is approximately 4.2 square kilometres. It has 5 parks covering nearly 17.3% of total area. The population of Mornington in 2016 was 2265 people. By 2021 the population was 2469 showing a population growth of 9.0% in the area during that time. The predominant age group in Mornington is 30-39 years. Households in Mornington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mornington work in a community and personal service occupation.In 2021, 65.70% of the homes in Mornington were owner-occupied compared with 64.80% in 2016.

Mornington has 1,220 properties. Over the last 5 years, Houses in Mornington have seen a 42.62% increase in median value, while Units have seen a 31.91% increase. As at 31 October 2025:

  • The median value for Houses in Mornington is $595,640 while the median value for Units is $566,784.
  • Houses have a median rent of $550 while Units have a median rent of $478.
There are currently 6 properties listed for sale, and 5 properties listed for rent in Mornington on OnTheHouse. According to Cotality's data, 40 properties were sold in the past 12 months in Mornington.

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Tom Balcombe
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Trevor Fox
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