Sold
172 Commercial Road, Morwell VIC 3840
$500,000
290m2
420m2
Retail
For Sale / Blue Chip National Tenant
Perfect opportunity to invest in a landmark property currently let to a secure National Tenant. The building is of approx. 240sqm housing ‘Subway’ Franchise and approx. 50sqm of upstairs floor space on an allotment of approx. 420sqm plus on site rear car parking. Great exposure good foot traffic and zoned Commercial 1. Currently returning $23,805 per annum + GST and all outgoings on a 5 year lease commences 15/01/2019 with 3 further options of 5 years and increases of 3.5% annually.