226-242 Princes Drive Morwell VIC 3840

Shop & Retail
4,362 m²
Sold

Brand New Development - Brand New 15 Year Lease To Westside Petroleum

Brand new 15 year lease to 2033 plus options to 2068.
Fixed 3% increases assuring growth.
Lessee pays usual outgoings as per the lease.
VIVA Energy: the exclusive Shell licensee in Australia with a network of 1,000+ retail outlets. Substantially owned by Vitol, a multinational energy
& commodities giant with turnover of $181 billion (2017).
Brand new dual canopy development providing substantial taxation saving depreciation.
Commanding 4,362 sqm site with 68 metre frontage to Princes Drive.
Strategic main road location surrounded by complementary automotive tenants and close to Mid Valley Shopping Centre the largest shopping centre in Gippsland – Woolworths, Coles and Bunnings.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $393,559 pa (April 2019).

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

AUCTION

Auction date and time	27/02/2019 11:00
Auction location	226-242 Princes Drive, Morwell VIC

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	27 Feb 2019
Floor Area	Ask Agent
Land Area	4,362 m²
Parking	Ask Agent
Property ID	2014907502
Category	Shop & Retail Development / Land Showrooms / Bulky Goods
Last updated	1 Mar 2019

Map for 226-242 Princes Drive Morwell VIC 3840

Nearest transport* to 226-242 Princes Drive Morwell VIC 3840

Bus

Train

Tram

Ferry

Tramway Rd/Princes Dr (Morwell)	685 m
Tramway Rd/Princes Hwy (Morwell)	785 m
Amanda Ave/Saskia Way (Morwell)	789 m
Amanda Ave/Saskia Way (Morwell)	815 m

*Within a 4km radius

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Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	27 Feb 2019
Floor Area	Ask Agent
Land Area	4,362 m²
Parking	Ask Agent
Property ID	2014907502
Category	Shop & Retail Development / Land Showrooms / Bulky Goods
Last updated	1 Mar 2019

Listed by

Burgess Rawson VIC Pty Ltd

Call

03 9613 0400

More about 226-242 Princes Drive Morwell VIC 3840

226-242 Princes Drive Morwell VIC 3840 is categorized as Shop & Retail Property. It has a land area of 4,362 m². The listing ID for this property is 2014907502.