195-197 Commercial Road,
Morwell, VIC 3840
Shops & Retail
Key property information
Land area
Floor area
Property extent
Sold on
Map of 195-197 Commercial Road
FIRST CHOICE COMMERCIAL INVESTMENT
High profile, double fronted shop with a floor area of approximately 235qm. Commercial freehold with main street location. Well situated opposite Mannys Market and within close proximity of Latrobe Shire Offices & the Legal Precinct, and Train Station & bus terminal. The property has excellent long term tenants, with great rental history. Currently leased to a well established beauty salon, known as Elirah Beauty & Cosmetics. Lease commenced 2/05/2023, term 5 years x 3 years. Rental $33,800pa +outgoings. Currently showing a net return of 6%.
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
Families
Most households
195-197 Commercial Road
Morwell, VIC 3840
Stockdale & Leggo - Traralgon21-25 Franklin Street
TRARALGON, VIC 3844
TRARALGON, VIC 3844
More properties from Stockdale & Leggo - Traralgon
Other properties you might be interested in based on the location and property type you are looking at.
