71 Barkly StreetMornington VIC 3931
Property Details for 71 Barkly St, Mornington
Last Listing description (February 2022)
Nichols Crowder are delighted to offer for sale this unprecedented investment/permit approved multi-story development.
Currently utilised as a self-storage facility with the current income of $95,000 per annum with the rent capable of being increased significantly to a current market rate.
The investment property market is growing daily with the share market down and money sitting in the banks not earning a decent return, this ticks all the boxes plus the upside of redevelopment of double story professional offices and 3 levels of 204 storage units and 40 plus onsite undercover secure parks.
Keys features include:
* Current rental return $95,000 p.a. with the upside of the rent to increase
* Huge land holding of 2,354 sqm*
* Dual street frontage
* Permit approved multi-level commercial buildings and self-storage
* Opposite Mornington Central shopping Centre, Mornington primary school and the Bays Hospital
* Property to be sold as a going concern (no GST applicable)
For further information or to arrange an inspection, please contact:
Tom Crowder 0438 670 300
Jamie Stuart 0412 565 562
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 71 Barkly St, Mornington, VIC 3931
- 08 Oct 2019Listed for Sale Contact Agent
- 07 Oct 2013Sold for $1,221,000
- 05 Aug 2011Listed 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 15,781 properties. Over the last 5 years, Houses in Mornington have seen a 14.66% increase in median value, while Units have seen a 10.74% increase. As at 30 April 2026:
- The median value for Houses in Mornington is $1,202,909 while the median value for Units is $822,900.
- Houses have a median rent of $728 while Units have a median rent of $595.
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