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$2,200,000

4 Minchington Road, Morwell, VIC 3840

Storage Facility with Potential to Expand

This outstanding Morwell storage facility presents an exceptional opportunity for the astute investor – a low maintenance asset with room to expand.

Featuring extra land (total area 4621m²) with the potential to construct an additional 40 extra storage units (STCA).

This facility is in excellent condition – a modern, fully secure environment with automated gates and motion sensor, 24 hour security monitoring, and keyless fob entry.

In a great location, close to Tramway Road, and with easy access to the freeway.

80 UNITS

22 units 3x3m $26.50pw

36 units 3x4.5m $33.50pw

21 units 6x6m $37.00pw

1 security service $160pw

Total potential income $141,752pa (return in excess of 6.4%)

For further information or to arrange an inspection contact Frank Palermo 0427 049 696 or Jesse Watson 0421 337 777

Property Code: 3147