14 Kirwin RoadMorwell VIC 3840
Property Details for 14 Kirwin Rd, Morwell
Last Listing description (December 2017)
Colliers International is pleased to offer for sale 14 Kirwin Road, Morwell VIC (Caltex).
Caltex Morwell is an un-maned fuel depot with a newly approved retail outlet to be completed onsite. The fuel depot operates 24 hours and payments are controlled by card. The property consists of a hardstand area of 2,517sqm with due entry and exit points. The diesel fuel is contained by an above ground tank with two pumps adjacent to an AdBlue tank which also services the local trucking and rural community.
The property is well located amongst the Morwell industrial precinct just north of the Prince Freeway entry and exit points. Morwell is a town in the Latrobe Valley area of Gippsland, in South-Eastern Victoria, Australia approximately 149 km (93 mi) east of Melbourne with a population of approximately 13,691. Morwell, is central to the Latrobe Valley urban area which has a population of approximately 125,000 and as such has become home to many of the greater urban area s civic institutions, administrative functions and infrastructure, with known for its role as a major energy production centre for Victoria as the centre of a major coal mining and fossil-fuel power generation industry.
Lease Term 15 Years
Options Seven (7) further terms of five (5) years
Net rental income:
$90,000 plus GST per annum
Caltex Morwell is a part of the National Petrol Station Portfolio (NPSP17) and will be sold via Expressions of Interest closing Thursday, 16 November at 2pm (AEDT)
For further information please go to www.colliers.com.au/? nationalpetrolstationportfolio or contact the listing agents below:
Daniel Wolman
Investment Services | Melbourne
M: +61 412 957 839
E: daniel.wolman@colliers.com
Harry Bui
Investment Services | Sydney
M: +61 418 477 888
E: harry.bui@colliers.com
Peter Seeto
Investment Services | Sydney
M: +61 400 222 666
E: peter.seeto@colliers.com
CPF.
Property History for 14 Kirwin Rd, Morwell, VIC 3840
- 16 Oct 2023Sold for $1,240,000
- 08 Mar 2023Sold for $1,012,958
- 20 Sep 2019Sold for $1,324,286
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0About 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 8,912 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.
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