Morrison Commercial in conjunction with Crabtrees Real Estate are pleased to offer 34 Percy Street, Mordialloc for sale via Public Auction on Thursday 24th February at 1pm on-site.

Whether you are an owner occupier in this market deprived of turn-key assets, an investor looking to add a multi-tenant freehold to your portfolio or an astute developer with vision of what this area is to become in the future, this unique property holds great potential.

The subject property is located within a vibrant industrial precinct and holds long term potential of a mixed use appeal (STCA) with occupiers such as the popular hospitality venue ‘Urban Grounds’ and many more lifestyle businesses.

Property Details:

+ Land Area: 697 sqm
+ Building Area: 730 sqm
+ 490 sqm ground floor office/showroom
+ 240 sqm first floor office/care takers residence
+ Corner lot with rear yard of 115 sqm
+ Caretaker residence permit
+ 3 months notice required for Vacant Possession

Lease Details:

+ Serviced office short term tenancies
+ $8,385 monthly rental collections in January 2022
+ $100,000* plus annual rental potential

Note: Can’t attend the auction? No problem, you can still participate online! You can watch and even bid at this auction online on Anywhere Auctions! ‘
https://anywhereauctions.com.au/app/property?propertyId=20522

Please contact the exclusive conjunctional selling agents for further information.