SOLD
Sold on 27 Feb 2024 for $480,000

3/2-6 Vestan Drive
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 294m2
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Property Details for 3/2-6 Vestan Dr, Morwell

Building Type
Commercial
Land Size
294m2
Local Government
Latrobe
Lot/Plan
3/SP31226

Last Listing description (July 2017)

Outstanding investment property with high exposure and within close proximity of the Mid valley Shopping Centre. Well established business. Retail warehouse with showroom. Paint and Tile shop. New 3 year x 3 year x 3 year lease. Rental: $30,000 per annum + Outgoings + GST. Currently showing a 7.7% net return.

Property History for 3/2-6 Vestan Dr, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$480,000
27 Feb 2024
  • 27 Feb 2024
    Sold for $480,000
  • 28 Jun 2017
    Listed for Sale $385,000
  • 02 Aug 2013
    Sold for $230,000
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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 8,933 properties.

    There are currently 89 properties listed for sale, and 17 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Morwell.

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