56 Yuilles RoadMornington VIC 3931
Property Details for 56 Yuilles Rd, Mornington
Last Listing description (September 2023)
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 7TH SEPTEMBER AT 2PM
Prominently positioned on Yuilles Road and situated within the core of Mornington's Industrial estate.
This standalone freehold is securely leased to a well-established business, offering excellent security to the investor with value-add potential (STCA).
Key features include:
* Building area: 212sqm*
* Land area: 583sqm*
* Quality tenant Trading as Foam Fast
* Secure 3 x 3 year lease (com. March 2022)
* Annual income: $32,960 plus GST and outgoings
* Solid annual rental increases
* Impressive improvements
* Clear-span warehouse
* Electric roller door
* 3 phase power
* Secure rear yard with 3m x 3m shed
* Abundance of off- street car parking
* Favourable Industrial 3 Zone
For further information or to arrange an inspection, please contact:
Jamie Stuart
Tanya Scagliarini
PLEASE NOTE:
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 56 Yuilles Rd, Mornington, VIC 3931
- 08 Sep 2023Sold for $750,000
- 16 Jun 2023Listed for Sale Contact Agent
- 03 Aug 1994Sold for $50,000
Recent sales nearby
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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 15,830 properties. Over the last 5 years, Houses in Mornington have seen a -1.14% decrease in median value, while Units have seen a 4.75% increase. As at 31 July 2026:
- The median value for Houses in Mornington is $1,142,225 while the median value for Units is $784,484.
- Houses have a median rent of $750 while Units have a median rent of $615.
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