Great opportunity to invest in this boutique cafe freehold located amongst a busy residential neighborhood.
The property features central location within a bustling residential environment, has a total build area of 120sqm and is waiting for their next Landlord.
An incredible opportunity to take advantage and own a piece of Mordialloc with a long standing and well-established tenant operating since 2016 with a raving client base.
Current Lease details are:
- Returning $34,500 + GST + Outgoings
- 3 yr lease commenced Oct 2022
- 2 x further 3yr options
- CPI increases
- Long term tenant
https://www.facebook.com/Oscarshangout/
Call now to arrange an inspection!
The size of Mordialloc is approximately 4.4 square kilometres. It has 18 parks covering nearly 24.6% of total area. The population of Mordialloc in 2016 was 8166 people. By 2021 the population was 8886 showing a population growth of 8.8% in the area during that time. The predominant age group in Mordialloc is 40-49 years. Households in Mordialloc are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mordialloc work in a professional occupation.In 2021, 68.30% of the homes in Mordialloc were owner-occupied compared with 66.20% in 2016.
Mordialloc has 5,622 properties. Over the last 5 years, Houses in Mordialloc have seen a 16.30% increase in median value, while Units have seen a 15.73% increase. As at 31 March 2026:
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