Morwell, 2/32 Vestan Drive,
Morwell, VIC 3840
Development Sites & Land • Shops & Retail • Warehouse, Factory & Industrial
Price information
Sold
$900,000
Key property information
Land area
Floor area
Property extent
Zoning
Municipality
Tenure type
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Return
Map of Morwell, 2/32 Vestan Drive
Strong Yielding Investment Property For Sale in Morwell (Established Car Wash Property)
- Strong Yielding Investment 8.5% Return
- Long 20 Year Lease
- Land Size : 1,835 m² (Approx.)
Proposed Lease Terms:
Initial Lease Term: 10 Year
Extension Lease Term: 5 Year + 5 Year
Rent: $85,000 Plus GST
Annual Increases: CPI
Bank Guarantee : 3 Months Rent
Rent Review: End of First Term & Option Periods
Outgoings: 100% of outgoings will be paid by the tenant excluding Land Tax
Personal Guarantees
Director Guarantees
Property: $1,000,000 Plus GST (If Applicable)
8.5 % Yield on your Investment
The subject business and property is located on the 32 Vestan Drive, Morwell, Victoria 3840. This Car Wash is surrounded by a strong Business percent.
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
Vacuums Bays
Vending Machines
Change Machine
Security Cameras
24/7
Morwell is a town in the Latrobe Valley area of Gippsland in eastern Victoria, Australia approximately 149 km (93 mi) east of Melbourne. It is both the seat of local government and administrative centre for the City of Latrobe. 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. The city is 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.
Initial Lease Term: 10 Year
Extension Lease Term: 5 Year + 5 Year
Rent: $85,000 Plus GST
Annual Increases: CPI
Bank Guarantee : 3 Months Rent
Rent Review: End of First Term & Option Periods
Outgoings: 100% of outgoings will be paid by the tenant excluding Land Tax
Personal Guarantees
Director Guarantees
Property: $1,000,000 Plus GST (If Applicable)
8.5 % Yield on your Investment
The subject business and property is located on the 32 Vestan Drive, Morwell, Victoria 3840. This Car Wash is surrounded by a strong Business percent.
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
Vacuums Bays
Vending Machines
Change Machine
Security Cameras
24/7
Morwell is a town in the Latrobe Valley area of Gippsland in eastern Victoria, Australia approximately 149 km (93 mi) east of Melbourne. It is both the seat of local government and administrative centre for the City of Latrobe. 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. The city is 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.
Additional information
External websites
Property ID: 502834634Last Updated: 2 Sep 2019
04185211...
Morwell, 2/32 Vestan Drive
Morwell, VIC 3840
National Car Wash Sales - Miami11/2098 Gold Coast HWY
MIAMI, QLD 4220
MIAMI, QLD 4220
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