 Asset Class: | Industrial |
 Price: | $ 2563636 |
 Net Yield: | 5.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
A modern, recently constructed, low-maintenance investment, this premium industrial asset offers secure short-term income in the high-growth Mornington Peninsula Business Park.<br><br>Leased to Peacock Bros. Pty Ltd, a well-established leader in identification, tracking, and mobility solutions, this 809 sqm facility sits on a high-exposure corner site, providing strong rental demand and capital growth potential.<br><br>With a 12-month leaseback at $141,000 p.a., the near-new facility requires no immediate capital expenditure, ensuring peace of mind and stable cash flow for investors.<br><br>A low-maintenance, set-and-forget investment, delivering immediate income security with potential for re-leasing or repositioning in the near term.
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7 Bayport Court, Mornington offers a rare combination of industrial strength and coastal lifestyle appeal. Located in the Mornington Peninsula Business Park, this thriving commercial hub provides seamless connectivity to major transport routes while being minutes from world-class wineries, pristine beaches, and vibrant town centers. With low vacancy rates, high tenant demand, and significant infrastructure investment, this is one of Victoria’s most sought-after industrial locations.<br><br>Strategically positioned between Nepean Highway and Moorooduc Highway, the property is just 5 km from the Mornington Peninsula Freeway (M11), ensuring direct access to Greater Melbourne and regional Victoria. 83 km from Melbourne CBD (approx. 1-hour drive) and close to the Port of Hastings, it offers great logistics potential.<br><br>Key infrastructure projects driving growth include the $759M Peninsula Link Freeway, $1.1B Frankston Hospital Redevelopment, and the $10M Nepean Highway Transformation, all enhancing transport, business activity, and demand for industrial assets.<br><br>With modern infrastructure, limited land supply, and strong rental growth, Mornington Peninsula Business Park is a great destination for investors and businesses seeking long-term success.
Additional Location Information File<span style="color:rgb(51, 51, 51);"><b>Peacock Bros. Pty Ltd</b></span><span style="color:rgb(51, 51, 51);"> is a stable, long-established Australian business, </span><span style="color:rgb(51, 51, 51);"><b>founded in 1888</b></span><span style="color:rgb(51, 51, 51);">, and now one of the largest providers of identification, tracking, and mobility solutions across Australia and New Zealand.</span><br><br><span style="color:rgb(51, 51, 51);">With over 135 years of industry experience, the company services key supply chain industries, including transport, manufacturing, retail, and healthcare, ensuring consistent demand for its products and services.</span><br><br><span style="color:rgb(51, 51, 51);"><b>A Strong, Expanding Business with a Secure Future</b></span><br><br><span style="color:rgb(51, 51, 51);">✅ Industry Leader – Trusted by 12,000+ clients, ensuring long-term stability</span><br><br><span style="color:rgb(51, 51, 51);">✅ Strategic Growth – Expanded through multiple acquisitions, strengthening its market position</span><br><br><span style="color:rgb(51, 51, 51);">✅ Diversified Operations – Now operates three major business units under the Peacock Group</span><br><br><span style="color:rgb(51, 51, 51);">✅ Sustainable & Innovative – Committed to high-quality, environmentally responsible solutions</span><br><br><span style="color:rgb(51, 51, 51);">Peacock Bros.' financial strength, industry dominance, and history of steady growth make them a secure, reliable tenant, further enhancing the investment appeal</span>
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Address | Total NLA | Rent $/m2 7 Bayport Court, Mornington | 809m2 | $174/m2 1/177-179 Mornington-Tyabb Road, Mornington | 500m2 | $166/m2 40 Collins Road, Dromana | 490m2 | $212/m2 903 Nepean Highway, Mornington | 726m2 | $300/m2 3/53 Yuilles Road, Mornington | 375m2 | $149/m2 28 Watt Road, Mornington | 275m2 | $178/m2 1/20 Bruce Street, Mornington | 244m2 | $144/m2 56 Yuilles Road, Mornington | 212m2 | 155/m2
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Prime Mornington Industrial Location</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – Well-connected to Nepean Highway, Moorooduc Highway, and Mornington Freeway</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>New Build, Low-Maintenance Asset</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – Constructed in 2021, requiring no immediate capital expenditure</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strong Market Demand</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – Tight industrial vacancy rates, ensuring sustained tenant demand</span></p></li></ul><br><b>Financial Metrics</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Purchase Price:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $2,563,636</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Yield:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 5.5%</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Rent per sqm:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $174/sqm</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Purchase Rate (on NLA):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $3,169/sqm</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Purchase Rate (on Land):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $1,802/sqm</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Current Rent:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $141,000 p.a. + GST</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Rental Growth:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Fixed 3.5% increase upon lease extension</span></p></li></ul><br><b>Asset Overview</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Type:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Industrial Office/Warehouse</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Location:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Mornington, VIC – Mornington Peninsula Business Park</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Site Area:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 1,423 sqm</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Building Area (GLA):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 809 sqm</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Warehouse Area:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 648 sqm</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Office Area:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 161 sqm</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Frontage:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 74.8m (Corner Exposure)</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Zoning:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Industrial 3 Zone (IN3Z)</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Car Spaces:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Around 14</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Roller Doors:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 2 - Dual/Drive Through Access</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Signage:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> High-exposure corner position</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Flood Zone:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> No</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Construction Year:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>2021</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strata: </b></span><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;">Yes - But only for admin & maintenance of common streets in the estate. No shared building insurances etc.</span></p></li></ul>
