Crabtrees Real Estate is pleased to offer this freehold investment with immense development upside on busy White Street, Mordialloc, via Public Auction on Wednesday 24th November at 11am.
This asset is located within a 'Mixed use zone' and is situated within one of Melbourne's most sought after development catchments. Purchasers can enjoy the income benefits of this property and capitalize on the development potential later.
Logistically, this property is located in a very sought after location with easy access to Nepean Highway and Boundary Road.
Investment details:
+ Lease - 5 years expiring November 2024 (No option)
+ Rental: $28,981 plus GST & Outgoings
+ 3% annual increase
+ 5 year lease
+ $4,583.21 security deposit
Property details
+ 390 sqm* office/warehouse facility
+ 586 sqm* freehold land
+ 20 sqm* office
+ Clear span warehouse
+ Invest now & develop later
+ Zoning - Mixed use
AUCTION Wednesday 24th November at 11am.
You can now Watch, Bid and Buy online at this auction via the Anywhere Auctions website or app by clicking the link.
https://anywhereauctions.com.au/app/property?propertyId=17852
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
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 5,624 properties. Over the last 5 years, Houses in Mordialloc have seen a 33.20% increase in median value, while Units have seen a 20.88% increase. As at 31 December 2025:
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