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142, 144 & 146 Commercial Road
Morwell VIC 3840
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Sold on 23 Nov 2022

142, 144 & 146 Commercial Road Morwell VIC 3840

  • Shop & Retail
  • 460 m²
  • Sold, $1,030,000

For Sale - 142-144 Commercial Road & 146 Commercial Road

    142-144 Commercial Road
    Excellent long term tenants
    Current rental - $42,206 per annum + outgoings + GST - 3% annual increases
    Lease term 5 years x 5 years
    Building area approx. 340sqm
    Parking at rear
    146 Commercial Road
    Commercial freehold with excellent tenants
    Current rental - $31,856 per annum + Outgoings + GST - 2% annual increases
    Lease term 1 year x 1 year
    Building area approx. 120sqm
    Parking at rear
    Total Rental - $74,062 per annum + Outgoings + GST
    Currently showing a 6.1% net return

    Well situated in the Morwell CBD Main Street location opposite Latrobe City Council Offices and within close proximity of the Legal Precinct and Art Gallery.
    These properties have an outstanding rental history.

    Property Highlights

    Date Sold23 Nov 2022
    Sold Price$1,030,000
    Floor Area460 m²
    Land Area640 m²
    ParkingAsk Agent
    Property ID2017988675
    Category
    Last updated  22 Nov 2022
    Map for 142, 144 & 146 Commercial Road Morwell VIC 3840

    Property Highlights

    Date Sold23 Nov 2022
    Sold Price$1,030,000
    Floor Area460 m²
    Land Area640 m²
    ParkingAsk Agent
    Property ID2017988675
    Category
    Last updated  22 Nov 2022
    27-29 Franklin Street Traralgon VIC 3844

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