142, 144 & 146 Commercial Road,
Morwell, VIC 3840
Shops & Retail
Price information
Sold
$1,030,000
Key property information
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Floor area
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For Sale - 142-144 Commercial Road & 146 Commercial Road
142-144 Commercial Road
• Excellent long term tenants
• Current rental - $42,206 per annum + outgoings + GST - 3% annual increases
• Lease term – 5 years x 5 years
• Building area approx. 340sqm
• Parking at rear
146 Commercial Road
• Commercial freehold with excellent tenants
• Current rental - $31,856 per annum + Outgoings + GST - 2% annual increases
• Lease term – 1 year x 1 year
• Building area approx. 120sqm
• Parking at rear
Total Rental - $74,062 per annum + Outgoings + GST
Currently showing a 6.1% net return
Well situated in the Morwell CBD Main Street location opposite Latrobe City Council Offices and within close proximity of the Legal Precinct and Art Gallery.
These properties have an outstanding rental history.
• Excellent long term tenants
• Current rental - $42,206 per annum + outgoings + GST - 3% annual increases
• Lease term – 5 years x 5 years
• Building area approx. 340sqm
• Parking at rear
146 Commercial Road
• Commercial freehold with excellent tenants
• Current rental - $31,856 per annum + Outgoings + GST - 2% annual increases
• Lease term – 1 year x 1 year
• Building area approx. 120sqm
• Parking at rear
Total Rental - $74,062 per annum + Outgoings + GST
Currently showing a 6.1% net return
Well situated in the Morwell CBD Main Street location opposite Latrobe City Council Offices and within close proximity of the Legal Precinct and Art Gallery.
These properties have an outstanding rental history.
Property ID: 504133071Last Updated: 28 Feb 2023
142, 144 & 146 Commercial Road
Morwell, VIC 3840
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