Adroit MHL Insurance & Risk, 205-207 Princes Drive Morwell, VIC 3840
28 Feb 2018
High Yielding Investment to Long Established Insurance Firm
- Prime Corner CBD Site
- Directly Opposite Australia Post
- Renewed Lease to Acclaimed MHL Adroit
Renewed secure lease to July 2020, plus options through to June 2026.
Adroit MHL: recent merger of two major brokerage firms with 24 staff and combined 40 years industry experience.
Well maintained 611 sqm two level building occupied since 1997.
Commanding 312 sqm corner site with dual 35 metre frontage.
Important Mixed Use Zoning (MUZ) providing the most flexible future potential.
Fixed 3% increases - assuring growth.
Tenant pays usual outgoings as per the lease.
Directly opposite Morwell Train Station and council car park.
Easily managed single tenanted investment.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $60,766 pa (July 2018).
Auction 12 noon AEDT Wednesday 28 February 2018
River Room, Crown Casino, Melbourne
Property ID: 502691798Last Updated: 5 Dec 2018