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Morwell, 2/32 Vestan Drive Morwell, VIC 3840

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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

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Map of Morwell, 2/32 Vestan Drive

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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.

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Additional information

Property ID: 502834634Last Updated: 2 Sep 2019

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Morwell, 2/32 Vestan Drive
Morwell, VIC 3840
National Car Wash Sales - Miami
11/2098 Gold Coast HWY
MIAMI, QLD 4220

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