19 Bruce Street, Mornington, VIC
Stonebridge Property Group has transacted a 650 sqm office/warehouse building in Mornington trading to an investor for $1,865,000.
The sale handled by Stonebridge agents Jacob Biviano, Max Warren and Sarah Xi which through a comprehensive targeting strategy saw over 110 enquiries and 31 groups inspect the property without the 5-week on-market sales process.
Ultimately, the property was purchased by an investor based in Blackburn/Mornington. This highlights the capital from Melbourne buyers ready to deploy in the Mornington Peninsula and the importance of an agency who focuses on both Melbourne based and Mornington buyers.
A large emphasis in the marketing materials and sales pitch during the campaign was on the high net yielding asset and the tightly held Mornington industrial estate, promoting the strong potential market rent the property could generate, which was a key strategy our team leveraged to achieve a strong result for the Vendor.
The result follows three other recent Stonebridge sales in the Mornington Peninsula, 301-303 Main Street, Mornington for $3,250,000 on a 1.90% yield, 172 & 174 Ocean Beach Road, Sorrento for $6,700,000 on a 2.40% yield and 100 & 102 Mount Eliza Way, Mount Eliza for $6,400,000 on a 3.51% yield.