Office space in Victoria's Mornington fetches a cool $445,000

Office space in Victoria's Mornington fetches a cool $445,000
Office space in Victoria's Mornington fetches a cool $445,000

A Main Street office location in the seaside town of Mornington near Melbourne has sold for $445,000.

The two offices plus reception at 3&4, 216 Main Street occupy about 80 square metre. Additionally, there’s a kitchen and toilet.

The property is on a two-year lease starting in November 2014 with an extension of two more years.

The property fetches a rent of $19,200 per annum, implying a yield of about 4 percent.

The sale was through Michelle Adams of Jacobs & Lowe.

The property last traded in 2011 when it sold for $203,584.

Tags: 
Office Market Commercial Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?