Stonebridge, under instruction by receiver’s Newpoint Advisory, is pleased to present for sale 53-55 Barkly Street, Mornington (Barkly Square).
Key highlights of the opportunity include:
- The prominent Mornington Peninsula freehold retail complex comprises 9 separate shops, all of which boast favourable street/car park exposure
- Underlying fundamentals include a significant 2,029 sqm* island landholding that enjoys 160 m* of combined frontage to Barkly Street, Barrett Lane, Waterloo Place & a free council car park
- Together, the 9 separate shops span 1,109 sqm* of building area, and provide the flexibility of a future subdivision and individual sell down (STCA)
- With unrivalled accessibility (multiple points of entry/exit) and no adjoining building the property provides an added level of flexibility for future development (STCA)
- Arguably Mornington's most convenient location, set amongst 1,500+ free council car parks, and bookended by 2 major shopping centres Mornington Village (ALDI) & Mornington Central (Woolworths & Coles)
- Mornington, located just 50 minutes from the Melbourne CBD, is the largest town within the Mornington Peninsula, boasting an established retail precinct and major medical, education and industrial hubs
- The established nature of Mornington ensures consistent year round retail trade, with a surge of demand during the summer months
- In 2023, 8 million tourists visited the Mornington Peninsula (an increase of 6% on 2022) injecting $1.82 billion into the local economy^
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Kevin Tong ???
0422 848 818
*Approximately
^tourism.vic.gov.au
Property Code: 1002