FOR SALE
$255,000

8 George Street
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 124m2
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Commercial Freehold - New Price!

Great investment or owner occupy!
124m2 floor space in the heart of the CBD
Open plan style office/consulting area,
Private offices, kitchenette & male & female amenities
Car parking at the rear
Currently tenanted - lease expires April 2023
Long term tenant keen to stay on.
Please call Frank Palermo 0427 049 696 or Jess Powell 0477 005 978
Property Code: 2687

Property Details for 8 George St, Morwell

Building Type
Commercial
Floor Size
124m2

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About Morwell 3840

The size of Morwell is approximately 44.9 square kilometres. It has 31 parks covering nearly 5.9% of total area. The population of Morwell in 2011 was 14,005 people. By 2016 the population was 13,753 showing a population decline of 1.8% in the area during that time. The predominant age group in Morwell is 50-59 years. Households in Morwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morwell work in a trades occupation. In 2011, 63.1% of the homes in Morwell were owner-occupied compared with 61.7% in 2016.

Morwell has 8,925 properties. Over the last 5 years, Houses in Morwell have seen a 82.31% increase in median value, while Units have seen a 45.81% increase. As at 30 September 2024:

  • The median value for Houses in Morwell is $322,683 while the median value for Units is $272,106.
  • Houses have a median rent of $370 while Units have a median rent of $290.
There are currently 75 properties listed for sale, and 13 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 386 properties were sold in the past 12 months in Morwell.

Suburb Insights for Morwell 3840

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Frank Palermo
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KW Property Sales & Rental
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does 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.