Sold
142, 144 & 146 Commercial Road, MORWELL VIC 3840
$1,030,000
460m2
640m2
Retail
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.