Nichols Crowder is proud to announce the result of its highly successful auction campaign for 1-9/53-55 Barkly Street, Mornington, which was held in conjunction with Stonebridge.

Also called Barkly Square, the property comprises nine separate shops, restaurants and cafes totalling approximately 1,015sqm, on land of around 2,029sqm. 

The auction campaign attracted an overwhelming response and dozens of enquiries.  More than 120 people attended the auction, with 12 registered bidders putting in a total of 97 bids.

The property was eventually sold under the hammer to a local investor.  The final selling price was $12.8 million, $4.8 million above the reserve. 

Within Nichols Crowder, the property was marketed by sales and leasing executives, Jamie Stuart, Tanya Scagliarini and Tom Crowder.  The auction was conducted by Michael Crowder, Director of Nichols Crowder.

“Located just off Main Street, Barkly Square is one of the most iconic shopping complexes on the Mornington Peninsula,” explains Jamie Stuart, Sales and Leasing Executive. “This great result reflects its status in the market, and highlights the positive demand for retail shops at the moment.”