Mornington

Project Description

The property is situated on the north east corner of Nepean Highway and Bungower Road in Mornington, approximately 45 kilometres south-east of the Melbourne central business district. Nepean Highway is a major arterial road, providing access between Mornington Peninsula and the Melbourne CBD, In November 2001, the Trust funded the expansion of the Mornington property for a total outlay of $1.881 million. The expansion resulted in an increase in the total retail area of some 2,400 square metres.

Land area

40,474 m²

The total GLA/retail area

13,324 m²

Lease Commencement Date

13/12/1999

Total Property Cost

$10,188,031

Current valuation

$27,700,000

Annual Rent

$1,727,538

Project Location

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