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) 
• Currently providing a diverse annual income of $343,063* + GST + Outgoings. Existing vacancy provides an opportunity for immediate growth with the expected fully leased rent to be in the vicinity of ~$540,000 - $635,000* per annum
• 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.

* Approximately 
^ tourism.vic.gov.au