136 Commercial Road,
Morwell, VIC 3840

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Key property information

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Floor area

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Map of 136 Commercial Road

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Prime Freehold Commercial Office

Commercial office freehold adjoining the Morwell Justice Precinct. Two levelled brick building of approx. 385m2, fitted with reception foyer, offices, storing room and excellent Commercial Road exposure.

Adjoining the Latrobe Court House and Council Gallery, all staff amenities, air conditioner, on site car parking, zoned activity centre zone 2 with a site area of 464 m2

Securely leased on a 5-year lease commencing 01/07/2021 with a further option of 5 years, rental is $56,599.44 per annum plus GST and outgoings, rent reviewed to CPI annually.

Priced attractively at $795,000 (going concern)

For further details contact Grant Williams direct on 0412 513 4..., Chris Williams on 0412 517 2... or at Keith Williams Real Estate 03 5174 77....

Morwell, 3840 demographic data

The median household income for Morwell is $942, 32% lower than Regional Victoria's household income of $1,386. Morwell has a similar age profile compared to the rest of Regional Victoria (median age 43). Property ownership data shows 40% of property owners in Morwell have a mortgage.

14,389

Population

$942 per week

Median household income

43 years

Median age

Owners

Most residents

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Most households