19 Bruce Street Mornington sold by Jacob Biviano, Max Warren and Sarah Xi of Stonebridge Property Group.

The campaign generated 110 enquiries and 31 inspections with strong engagement from investors and owner occupiers throughout the 5-week process, said, Mr Jacob Biviano from Stonebridge Property Group.

A large emphasis in the marketing materials and sales pitch during the campaign was on the high net yielding asset and the tightly held Mornington industrial estate, promoting the strong potential market rent the property could generate, which was a key strategy our team leveraged to achieve a strong result for the Vendor, he commented. 

Transaction summary: 

• Sale Price: $1,865,000
• Building Rate: $2,869 sqm
• Land Rate: $4,011 sqm

The result follows three other recent Stonebridge sales in the Mornington Peninsula, 301-303 Main Street, Mornington for $3,250,000 on a 1.90% yield, 172 & 174 Ocean Beach Road, Sorrento for $6,700,000 on a 2.40% yield and 100 & 102 Mount Eliza Way, Mount Eliza for $6,400,000 on a 3.51% yield.

The campaign of 19 Bruce Street, Mornington was run by Jacob Biviano, Max Warren and Sarah Xi of Stonebridge Property Group.

To request a sales analysis on any of the transactions mentioned in this article please contact the selling agents from Stonebridge Property Group via the below contact details.