We are excited to announce that 171 Mornington-Tyabb Road, Mornington has been sold. Congratulations to both the vendors and buyer on this successful transaction.

As one of the last significant vacant land holdings within Mornington, the campaign produced a significant level of enquiry, well in excess of 100 parties eager to understand the opportunities a site like this could provide. With a mix of local, interstate and national buyers, the property ultimately sold to a local developer.

Selling Agent Tom Crowder said, “We expected a site like this to command considerable interest, however even we were surprised at the depth of interest from all facets of the commercial/industrial sector, from developers looking to build factories, investors who had tenants prepared to undertake pre-commitments to national owner occupiers looking to build state-of-the-art showrooms, the campaign surpassed our expectations.

Being a local agency, we were able to provide a high-level of detail into the buyers feasibility with quality, localised and recent transactional history to assist the buyers with the DD prior to the close. This enabled us to obtain and ultimately sell the property on an unconditional basis, which provided the Vendor the comfort and security of a sale they were looking for.”

Thank you to everyone who showed interest. If you are looking to buy or sell, get in touch with our leading commercial property team. Here to provide you with the best property solutions for your future.