CBRE is pleased to offer to the market this high profile fully leased corner position commercial freehold, to government funded tenant profile, located at 131-135 Princes Drive Morwell VIC & 1 Jane Street Morwell, via our National Portfolio Auction 184.

– Leases to essential service providers with strong government-backed income streams (NDIS & community services).
– LEASE to Aruma Services Limited (1 Jane Street) – supported by ~$130M+ annual government funding (NDIS), underpinning strong income security
– LEASE to Uniting Limited (131-135 Princes Drive) – supported by ~$800M+ annual government funding, providing stable, defensive cashflow
– LEASE to Money Talk Pty Ltd – 33.8sqm secure Storeroom with own entry
– Favourable lease structures with built in rental growth and recoverable outgoings.
– Well presented buildings totalling 1,279.8sqm with 102sqm frontage and exposure with sealed and lined parking on title for 27 cars
– Substantial 3,034sqm corner freehold title with flexible Activity Centre Zoning
– Flexible Activity Centre Zoning supports a wide range of commercial, medical and future development outcomes.
– Low site coverage providing future upside, expansion or value-add potential (STCA).
– Rate relief applies to the general Council rates and municipal charges (Government funded tenant profiles
– Potential 50% stamp duty savings and Land Tax Exemption (Charitable Organisations Section 154 (2C) Local Government Act 1989
– Further stamp duty and land tax concessions may be available to eligible purchasers subject to purchaser structure, property use and State Revenue Office approval
– Positioned within the commercial heart of Morwell, servicing the broader Latrobe Valley with access to a regional catchment of 75,000+ residents, expanding to over 120,000 across the wider region.
– Morwell: Benefiting from ongoing government investment and infrastructure through the Latrobe Valley transition.

Estimated Net Income: $197,396pa + GST (as at 12 November 2026)

Investment Portfolio Auction
10:30am AEST Wednesday 13 May 2026
Garden Room, Melbourne Crown Casino, VIC

Please contact the Team for further information:

Shaun Venables 0411 860 865
Rachael Fabbro 0412 547 690