12/9 Blake StreetMornington VIC 3931
Property Details for 12/9 Blake St, Mornington
Last Listing description (September 2023)
Burgess Rawson are pleased to offer to the market, Blow Kulture in Mornington VIC for sale via private treaty.
The property has the following investment highlights:
+ Secure Three (3) year lease to January 2025 plus option to 2028.
+ Generous fixed 4% annual rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Immaculately presented 74sqm* salon.
+ Situated on a high-profile corner with huge exposure to passing foot and vehicular traffic.
+ Prime CBD position directly opposite Vicinity owned Mornington Central (38 retailers inc Woolworths & Coles).
+ Entry level investment opportunity.
+ Mornington: booming sea-change destination and capital of the Mornington Peninsula.
+ Mornington Peninsula: tourism hot spot with 8.2 million visitors in past 12 months to March 2023, up 57% from 2022. **
+ Net Income: $58,267pa* + GST
***The adjoining property, Unit 11, which is occupied by Sky Nails & Beauty is also available separately. ***
To be sold by Private Treaty.
*Approx
**mornpen.vic.gov.au
Property History for 12/9 Blake St, Mornington, VIC 3931
- 17 Aug 2023Listed for Sale Asking $1,050,000
- 14 Nov 2018Listed for Rent $51,800 / year
- 01 May 2012Listed for Rent - Price not available
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About Mornington 3931
The size of Mornington is approximately 21.3 square kilometres. There are 58 parks, covering nearly 13.4% of the total area. The population of Mornington in 2016 was 23989 people. By 2021 the population was 25759 showing a population growth of 7.4% in the area during that time. The predominant age group in Mornington is 70-79 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation.In 2021, 73.30% of the homes in Mornington were owner-occupied compared with 71.60% in 2016.
Mornington has 15,820 properties. Over the last 5 years, Houses in Mornington have seen a 3.12% increase in median value, while Units have seen a 12.25% increase. As at 30 June 2026:
- The median value for Houses in Mornington is $1,163,680 while the median value for Units is $832,745.
- Houses have a median rent of $745 while Units have a median rent of $618.
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