Positioned less than 200 metres from the Mornington foreshore, the property sits at the centre of one of Victoria’s most sought-after coastal retail and dining destinations - where strong foot traffic meets an enduring appetite for premium hospitality.
The offering presents a high-performing dual-income investment, underpinned by a long-term lease to nationally recognised burger brand Betty’s Burgers, a tenant that continues to draw consistent crowds and anchor foot traffic from lunch through late evening.
Betty’s Burgers occupies the ground floor on a 14-year initial lease expiring in December 2035, with two further 10-year options and annual 3.0 per cent rent reviews. The first-floor office tenancy is leased to Impact Community Coworking Pty Ltd, trading as Collab Community, with a lease expiring in March 2027 and annual 3.5 per cent increases, presenting future rental reversion potential.
Rick Silberman, Partner & Head of Victoria at RWC Retail, said opportunities of this calibre in Main Street Mornington are exceptionally rare.
“5 Main Street, Mornington represents a true generational retail investment in one of Victoria’s most tightly held and highly prized coastal commercial precincts. What sets this asset apart is not just its location, but its ability to capture sustained consumer demand, anchored by a proven hospitality operator that consistently brings people through the door.
“With secure dual income, a long lease to a highly sought-after national tenant, strong rental growth and an irreplaceable Main Street position just moments from the foreshore, this is a compelling opportunity for investors. Assets of this nature, particularly those combining a nationally recognised brand with genuine future upside, are seldom offered to market in Mornington.”
Part of the Retail Zoo Group, Betty’s Burgers has grown into one of Australia’s most recognised premium burger brands, with 75 locations nationally across key metropolitan and coastal markets. Known for its nostalgic beachside aesthetic and high-volume trade, the brand’s presence at 5 Main Street reinforces the property’s position as a cornerstone of Mornington’s thriving dining strip.
Surrounded by major hospitality operators including Grill’d, Schnitz and 400 Gradi, the asset benefits from a powerful “eat street” dynamic, driving consistent day-to-night activation and repeat visitation.
Main Street Mornington is widely regarded as the primary retail and hospitality destination on the Mornington Peninsula, home to more than 350 businesses and benefiting from strong pedestrian activity, tourism demand and tightly constrained supply. The broader region attracts approximately 7.9 million visitors annually, generating an estimated $1.8 billion in visitor expenditure.
The property has also benefited from significant recent capital investment across both tenancies, with Betty’s Burgers’ fit-out alone typically in the order of $2 million, and offers future upside, including potential for an additional level (STCA).
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