SOLD
Sold on 06 Dec 2023 for $700,000

200 Commercial Road
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 410m2
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Property Details for 200 Commercial Rd, Morwell

Building Type
Commercial
Land Size
410m2
Local Government
Latrobe
Lot/Plan
1A~2/PP5554

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

Next to Morwell station and right on the most busy street of Morwell
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

A timeline of how this property has performed in the market
Last Sold
$700,000
06 Dec 2023
Listed for Rent
$1.15k/w
01 Nov 2023
  • 06 Dec 2023
    Sold for $700,000
  • 31 Jul 2023
    Listed for Sale P.O.A.
  • 07 Nov 2022
    Listed for Sale $910,000 to $1,001,000
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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 8,912 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.
There are currently 77 properties listed for sale, and 11 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 379 properties were sold in the past 12 months in Morwell.

Suburb Insights for Morwell 3840

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CENTURY 21 Theresa Huynh
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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.