200 Commercial RoadMorwell VIC 3840
Property Details for 200 Commercial Rd, Morwell
Last Listing description (May 2024)
Versatile floor Space with 2 entrances allows for sub-letting
Prominent corner site of approximately 420m2
High profile two storey building
THE PROPERTY IS CURRENTLY VACANT ANDO ALSO AVAILABLE FOR LEASE AT $60,000 PER ANNUM + OUTGOINGS + GST
TWO EXTRA OFFICES WITH SEPARATED ENTRY, THAT COULD BE SUB LET OR RENTED OUT TO SEPARATED TENANTS
Property History for 200 Commercial Rd, Morwell, VIC 3840
- 06 Dec 2023Sold for $700,000
- 31 Jul 2023Listed for Sale P.O.A.
- 07 Nov 2022Listed for Sale $910,000 to $1,001,000
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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 8,937 properties. Over the last 5 years, Houses in Morwell have seen a 79.21% increase in median value, while Units have seen a 46.24% increase. As at 31 October 2024:
- The median value for Houses in Morwell is $319,787 while the median value for Units is $272,996.
- Houses have a median rent of $370 while Units have a median rent of $290.
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