A rare slice of Main Street Mornington is hitting the market, with Jacobs & Lowe set to auction an entire block of 11 fully leased retail shops at 234 Main Street, Mornington. The prominent site will be sold via onsite public auction on Wednesday, 6 August 2025 at 11:00am.
The auction will be conducted by Paul Tzamalis, the REIV 2025 Senior Auctioneer of the Year and auctioneer of the 2024 Winning House on The Block, bringing prestige and performance to this significant Peninsula campaign.
Quote from Chris Crewther, Member for Mornington said, “Main Street is the beating heart of Mornington, a hub for tourism, jobs, locals, and community life. Strategic investment in sites like this - with many fantastic current tenants - helps strengthen our town’s economic future while preserving the unique character that makes Mornington so special.”
“This is a once‑in‑a‑generation opportunity to secure a premium, income‑producing asset in one of the Peninsula’s most tightly held precincts,” noted Peter Skewes, Director at Jacobs & Lowe. “With substantial holding income, versatile zoning and rare scale, this property appeals broadly—whether to investors, SMSFs, developers or owner‑occupiers.”
Location Highlights:
- Situated at the gateway to vibrant Mornington’s Main Street retail strip
- Close proximity to seaside, café and boutique lifestyle amenities
- Strong local and visitor foot traffic year-round
ENDS
Notes to Editors:
- Pre-auction inspections are available by appointment via Jacobs & Lowe’s Mornington office.
- Full information, brochures and floor plans are accessible upon request.
Key Facts:
- Auction date: Wednesday, 6 August 2025 at 11 am (onsite)
- Landholding size: Approx. 1,750 sqm
- Building area: Approx. 936 sqm
- Current income: Fully leased, generating an estimated $436,912 + GST annually
- 11 Titles
- Zoning: Commercial 1 (maximum permitted commercial classification in the region)
- Frontage: Exceptional exposure with three street frontages
- Parking & access: Onsite parking plus direct access to large all‑day council carpark (Blamey Place)
- Potential: Significant redevelopment upside (subject to applicable planning consents)
About us:
About Jacobs & Lowe:
With origins dating back to 1905, Jacobs & Lowe is the Mornington Peninsula’s most experienced real estate agency, offering expert residential, commercial, industrial and property management services.
The commercial team provides tailored, boutique service across all commercial zones, supported by deep local insights and integrity.
Auctioneer Profile:
Paul Tzamalis is one of Victoria’s most respected auctioneers, crowned REIV Senior Auctioneer of the Year in 2025, and gaining national recognition for his role as auctioneer of the winning property on The Block in 2024.
Contact details:
Hannah Rosenbrock
Marketing Assistant
Jacobs & Lowe Real Estate
Phone: (03) 5976 5900
Email: [email protected]
