Brand New Development – Brand New 15 Year Lease To Westside Petroleum

226-242 princes drive, morwell vic

Price on Request

  • Strategic Town Entrance Location
  • Fixed 3% Annual Rent Increases
  • Significant Tax Saving Depreciation

Property Details

Brand new 15 year lease to 2033 plus options to 2068.
Fixed 3% increases assuring growth.
Lessee pays usual outgoings as per the lease.
VIVA Energy: the exclusive Shell licensee in Australia with a network of 1,000+ retail outlets. Substantially owned by Vitol, a multinational energy
& commodities giant with turnover of $181 billion (2017).
Brand new dual canopy development providing substantial taxation saving depreciation.
Commanding 4,362 sqm site with 68 metre frontage to Princes Drive.
Strategic main road location surrounded by complementary automotive tenants and close to Mid Valley Shopping Centre the largest shopping centre in Gippsland – Woolworths, Coles and Bunnings.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $395,224 pa (April 2019).

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 624 sqm
Land Size 4,362 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002638

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E

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