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Adroit MHL Insurance & Risk, 205-207 Princes Drive, Morwell, Vic 3840

Adroit MHL Insurance & Risk, 205-207 Princes Drive, Morwell, Vic 3840

Offices Retail Land/Development

  • Sold Contact Agent
  • Wed 28-Feb-18

High Yielding Investment to Long Established Insurance Firm

  • Prime Corner CBD Site
  • Directly Opposite Australia Post
  • Renewed Lease to Acclaimed MHL Adroit

  • Land Area
  • 312.00 m² (approx)
  • Floor Area
  • 566 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 30, 2018

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Rick Silberman
Raoul Holderhead
Stockdale & Leggo - Traralgon

27-29 Franklin Street

Traralgon Vic 3844

Jim Demetrios

High Yielding Investment to Long Established Insurance Firm

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

Adroit MHL Insurance & Risk, 205-207 Princes Drive, Morwell, Vic 3840

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