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. It is approximately 2hrs from Melbourne CBD by car or train with V-line providing multiple return trips daily at 1-hour intervals. Although the primary appeal of the area is to explore the coal history on an excellent "Power Drive Route" with several festivals and events in the area that attract tourists and locals.

https://www.tripadvisor.com.au/Attractions-g261661-Activities-Morwell_Gippsland_Victoria.html

Features:
Mixed use zone (MUZ)
Major tenant, IGA Morwell +Liquor
Includes two popular take away shops.
Customer parking provided.
Land size: 1463m2.
Building size: 700m2. Approx.
Approx Gross I/C $156,346 pa
Morwell, a large city in the Latrobe Valley approx. 2-hours from Melbourne CBD

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, Century 21 Theresa Huynh and the vendor do not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.