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

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

Offices • Shop & Retail • Development Sites & Land
Sold Price

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Land area

312.0m²

Floor area

566.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

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

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

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
Stockdale & Leggo - Traralgon

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Stockdale & Leggo - Traralgon

27-29 Franklin Street
TRARALGON, VIC 3844
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Rick Silberman
Burgess Rawson - Melbourne
Adroit MHL Insurance & Risk, 205-207 Princes Drive Morwell, VIC 3840

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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