Large 2,328sqm CBD Freehold Investment | Attention 9%+ Yield Buyers

Description

CBRE and Burgess Rawson from CBRE are offering for sale 227 Princes Drive, Morwell – a commanding two level building in Morwell’s CBD, being sold with a renewed 3 year lease to longstanding occupier Quantum Support Services.

Key details of the opportunity include:

+ 3 year lease to 2028 plus options through to 2034
+ Leased to Quantum Support Services – a long-standing not-for-profit organisation who have been operating in the Gippsland area since 1987, providing support to the immediate community
+ Commanding 1,752sqm* two-level freehold building
+ High exposure 2,328sqm* Activity Centre Zone landholding with 40m* of street frontage to Princes Drive and 24,000** cars passing daily
+ 44 car spaces on title with access points via Princes Drive and Watsons Lane to the rear
+ Gateway location to Morwell’s main retail, commercial and lifestyle centre, close to Coles, Harvey Norman and excellent connectivity to major arterials nearby
+ Well serviced by an array of public transport options, located just 200m* from Morwell Train Station and Morwell Bus Interchange
+ 5.5 star NABERS energy rating
+ Potential 50% stamp duty savings available
+ Morwell: the main commercial hub of The Latrobe Valley, servicing a trade catchment of over 75,000* people
+ Net income: $201,740* per annum

Please contact the team for further information.

Scott Hawthorne
0400 861 048
scott.hawthorne@cbre.com.au

Nathan Mufale
0421 224 354
nathan.mufale@cbre.com.au

Justin Kramersh
0460 349 605
jkramersh@burgessrawson.com.au

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
0411 059 116
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

*Denotes Approx.
**GapMaps

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Justin Kramersh Senior Sales Associate
0460 349 605
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Morwell, VIC

227 Princes Drive

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 179

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