3/5 Latham StreetMornington VIC 3931
Property Details for 3/5 Latham St, Mornington
Last Listing description (June 2026)
An outstanding opportunity to acquire a well-established and secure storage facility with immediate income. Offering long-term investment appeal, plus huge future upside for potential development (STCA)A fully secure facility with;- Electric security gates at the entrance, ensuring controlled access and peace of mind for tenants.- A diverse mix of unit sizes allows the business to service a wide demographic, from household storage and relocations to business inventory and trade equipment.- A Financial year income of approx $50,000, demonstrating strong performance.The property comprises a total of 29 storage units with generous internal clearance of approximately 3.2 metres, configured as follows: 10 units measuring 3m x 6m 9 units measuring 3m x 3m 7 units measuring 1.5m x 3m 1 unit measuring 3m x 9m 1 unit measuring 3.5m x 2m 1 unit measuring 3m x 4.5mThis is a rare chance to secure a low-maintenance commercial asset with established income, strong demand fundamentals and flexibility to suit both seasoned investors and those entering the commercial market. An ideal addition to any investment portfolio, offering security, consistency and future upside.
Property History for 3/5 Latham St, Mornington, VIC 3931
- 22 May 2026Sold
- 06 Feb 2026Listed for Sale Under Contract
- 10 Oct 2019Sold for $600,000
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0About 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 15,783 properties. Over the last 5 years, Houses in Mornington have seen a 8.35% increase in median value, while Units have seen a 10.07% increase. As at 31 May 2026:
- The median value for Houses in Mornington is $1,194,316 while the median value for Units is $814,385.
- Houses have a median rent of $733 while Units have a median rent of $600.
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