High Yielding Investment to Long Established Insurance Firm

205-207 princes drive, morwell vic

Price on Request

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

Property Details

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

Featured Details

Current Tenant Tenanted
Gross Building Area 566 sqm
Land Size 312 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC001835

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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