61 Bridle Road Morwell, 3840 VIC
61 Bridle Rd, 1-3/5 Opal Place Morwell
Outstanding Morwell Investment A prime location on the Eastern side of Morwell this group of shops cater to the needs of residents near and far. The 1463m2 lot comprises of four shops, the largest being IGA Morwell Liquor store complemented by a Pizza Shop and a Fish & Chips behind IGA at 5 Opal Place, with the remaining shop currently vacant. Two of the Opal Place shops are 70m2 in size, the third approximately 109m2, all with customer parking out front. The building, within a Mixed Business Zone, is positioned within a vibrant residential community who regularly visit these shops for "take away" food, drinks, snacks, BBQ products and household goods as they are within walking distance for many residents. The current long term tenants hold leases with additional terms remaining, yielding a total rental return of approximately $156,346 per annum including GST, with the 3 tenants paying out goings of approximately $29,032 this purchase would be a great addition to anyone's portfolio.
Morwell, lies at the heart of the vast Latrobe Valley brown coal area which is dotted with open cut mines and power stations.
Auction
Wednesday 24th April 2024 at 2:00pmOn-Line at Any Where Auctions
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Theresa Huynh
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Bon Ta