21,23,24,26,29/27 Progress Street, Mornington

Sold

Monday, 20th January 2025

Cash Cow

To be sold as a whole, Nichols Crowder are pleased to be offering to the market ten (10) separate titles comprising of nine (9) mini warehouses plus individually titled office of 45sqm*.

There is also an onsite shipping container that is leased for storage and will remain with the property.

With all 10 units currently leased the property has had over 13 years of consistent rental income.

The property is easy to self-manage with its own google website (5 stars) and direct mobile enquiry line. If self-manage is not for you the property can remain with an agent.

The work has all been done and presents immaculate and freshly painted, this is what you would class as a very low maintenance property.

Each of the 9 warehouses have a single-entry door plus roller door, power and lighting, all 9 units have access to on-site common toilets.

The office has a very appealing facade with 2 undercover designated car spaces, glass frontage, kitchen, bathroom and internet.

Currently returning a steady income of $100,111.92 per annum + GST (gross).

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.

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