108 Main Street, Mornington
Solid demand for retail shops along Main Street, Mornington continues to provide strong returns for investors. This has again been shown with the leasing of 108 Main Street to a skincare specialist for $81,000 per annum on a 3x3x3 year lease. The 82sqm shop was leased by Tanya Scagliarini from Nichols Crowder’s Mornington office.
“108 Main Street was leased at a rate of circa $988 per square metre, with minimal incentive,” says Ms Scagliarini says. “This indicates the continual strength and pull of Main Street Mornington as a pre-eminent retail strip. Also, the desire of local and national tenants alike to have a presence in Mornington and the Mornington Peninsula highlights the popularity and appeal of the region,” she adds.