Presenting an opportunity to occupy, develop or invest in the heart of the Mornington Peninsula Shire, the former home of Mornington Cinemas is being sold for the first time in 35 years.

Featuring 270-degree water views from the upper level, the prominent two-level building is situated on substantial land of approx. 546 sqm in the foreshore precinct, with 11m (approx.) frontage to Main Street.

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Refurbishment or redevelopment of the site present endless potential (STCA).

The property is positioned on the western side of Main Street, by Mornington Park, yacht club, and the harbour, with over 370 thriving fashion, dining, and wellness businesses a short stroll in the other direction. This shopping strip has a large and dense catchment area extending from Frankston to Portsea and is regarded as the premier retail, business and employment precinct of the Mornington Peninsula. 

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Mornington has evolved into an established tourist destination, approximately 53 km South East of Melbourne CBD, with a wide range of weekend and short stay accommodation available. Main Street enjoys easy access from all directions via Nepean and Moorooduc Highways and Peninsula Link ensuring rapid and sustained development of the residential and commercial zones.

The property lies within a well-established and densely populated area serviced by a number of private and public schools, hospitals and excellent medical facilities. Popular beaches can be found around 200 metres north of the property, drawing a number of locals and tourists to the area.

Property features:

• Available for the first time in 35 years.
• Existing Building over two levels is approximately 569sqm.
• Approx. 11 metre frontage to Main Street.
• Endless possibilities for refurbishment or redevelopment (STCA).
• Flexible Commercial 1 Zoning.
• Offered with vacant possession.

Source: Jacobs and Lowe Estate Agents

The building is offered with vacant possession, with a price guide of more than $3 million. A public auction will be held on-site on Wednesday 7 April 2021 at 12.30pm.

To arrange a private inspection phone or email Jeremy Lewis of Jacobs and Lowe Estate Agents or Michelle Adams of Jacobs and Lowe Estate Agents or Joseph Carbone of Vinci Carbone or Stephen Speck of Vinci Carbone via the contact form below. 

To view the listing or for more information click here.

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