Rare Affordable Woolworths Petrol Investment
72 Vestan Drive , Morwell VIC
Property Highlights
Description
Secure 15 year lease to October 2025 plus options through to 2045
Annual rent reviews
Commanding 3,995 sqm corner site with direct access to Princes Freeway and arterial network
As new modern construction – developed 2010
Strategic main road location surrounded by complementary automotive tenants and close to Mid Valley Shopping Centre the largest shopping centre in Gippsland, anchored by Woolworths & Coles supermarkets
17,000+ vehicles passing daily (source: Gap maps)
Woolworths Petrol: Network of 600 plus petrol stations across Australia with sales of $4.6 billion (2015/16)
Single tenant minimum management investment
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne
Rent: $60,693 pa (est Oct 2017)
Property Details