SOLD
Sold on 28 Nov 2023 for $1,250,000

32B Vestan Drive
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1826m2
Save

Property Details for 32b Vestan Dr, Morwell

Building Type
Commercial
Land Size
1826m2
Local Government
Latrobe
Lot/Plan
2/PS620592

Last Listing description (May 2016)

2 CAR WASH BUSINESSES AND FREEHOLDS BEING OFFERED FOR SALE AS 1
Being offered for sale together are the business and freeholds of Buff's Car Wash Moe and Morwell. This is a very rare and unique opportunity that two car wash freeholds and business are being offered for sale as one. Both sites are perfect for an owner operator.
BUFF'S CAR WASH MOE is located at 26-36 Narracan Drive, Moe and is a relatively new car wash that has had no expense spared.

Moe is 130km East of Melbourne CBD.
- 1 Wash Tec Combi Auto Wash
- 1 ICS Entry System with Credit Card Facility
- 6 Self-Serves
- 2 Dog Washes
- 8 Vacuum Bays
- Vending Machines
- Change Machine
- Security Cameras
- 24/7
- Separate Office, Plant Room & Staff Amenities
- Immaculately presented site
BUFF'S CAR WASH MORWELL is located at 32B Vestan Drive, Morwell and is a long established car wash in a high profile location.
Morwell is 149km East of Melbourne CBD.
- 1 Wash Tec Touchfree Auto Wash
- 1 ICS Entry System with Credit Card Facility
- 4 Self-Serves
- 1 Super Bay (for Boats, Caravans & Trucks)
- 2 Dog Washes
- Vacuum Bays
- Vending Machines
- Change Machine
- Security Cameras
- 24/7

Property History for 32b Vestan Dr, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$1,250,000
28 Nov 2023
  • 28 Nov 2023
    Sold for $1,250,000
  • 16 Mar 2016
    Listed for Sale Expressions of Interest

Commute Calculator

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 8,936 properties. Over the last 5 years, Houses in Morwell have seen a 86.32% increase in median value, while Units have seen a 39.91% increase. As at 31 July 2024:

  • The median value for Houses in Morwell is $325,618 while the median value for Units is $266,942.
  • Houses have a median rent of $360 while Units have a median rent of $290.
There are currently 81 properties listed for sale, and 13 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 347 properties were sold in the past 12 months in Morwell.

Suburb Insights for Morwell 3840

Market Insights
Morwell Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Morwell Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.