Jones Real Estate Secures Sale of Rare Mornington Industrial Property for $1.599 Million

Jones Real Estate has completed the sale of 5/27 Virginia Street, Mornington, for $1,599,000. The result exceeded the reserve by $99,000 and reflects the strong demand for quality industrial stock in tightly held precincts. The property was sold to a local investor ahead of its scheduled on-site auction, which was originally set for Wednesday 25^th June 2025, at 10am AEST.

Positioned in one of Mornington’s most sought-after industrial pockets, this property offered a rare opportunity to acquire a versatile, high-clearance facility with a substantial side yard. Set on a 1,504 square metre site, it includes a total building area of 504 square metres, comprising 434 square metres of warehouse space and 70 square metres of dual-level office. It was offered with vacant possession, making it suitable for both owner-occupiers and investors.

The warehouse features dual motorised roller doors that allow for efficient loading and operations. Internally, the facility includes a reception area, private offices, a kitchenette and bathroom amenities arranged over two levels. The asset is part of a well-maintained business park and offers ample shared on-site car parking for tenants and visitors.

One of the most unique aspects of the offering was the 700 square metre secure side yard or hardstand, which is rarely seen in properties of this scale within Mornington. Its location is also a major drawcard, with proximity to Mornington-Tyabb Road just 400 metres away, Nepean Highway at 750 metres, and the Peninsula Link only 7.5 kilometres away.

The site is zoned Industrial 3 (IN3Z), which allows for a broad range of industrial and commercial uses, subject to council approval. The property’s flexible layout and strategic location attracted strong enquiry throughout the on-market campaign.

“The campaign generated significant interest from both investors and owner-occupiers. The rare mix of secure yard space, high-clearance warehouse and dual-level office, combined with the property’s location, contributed to the competitive result,” said Paul Jones, Managing Director at Jones Real Estate.

The sale was completed in June 2025 and achieved a price of $1,599,000. The property was sold with vacant possession to a local investor following a strong campaign that led to a pre-auction outcome.

For more information, please visit: https://www.jonesrealestate.com.au.

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*All sizes and dimensions are approximate.