SOLD

+ 10 year lease to 2027 plus options to 2047
+ Viva Energy, a blue chip $2.8 billion ASX 200 company and Shell’s Australian licensee, 1,300 retail sites
+ Tenant pays outgoings as per the lease including Land Tax
+ Annual rent reviews
+ Huge 4,708sqm site with dual frontage totalling 80 metres including Centre Road
+ Alexanders Road: 8,300 vehicles daily including 575 heavy vehicles
+ Alexanders Road major heavy vehicle thoroughfare connecting Morwell/Traralgon and the Princes Highway through to Australian Paper Maryvale
+ Significant taxation depreciation benefits
+ Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
+ Morwell: current commercial developments totalling circa $40million including the Victorian Government backed GovHub and power giant Alinta Energy call centre, which will generate 500+ long term jobs.
+ Net Income: $187,459 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

Contact Agent
Burgess Rawson
Raoul Holderhead 0413 860 304
Matthew Wright 0458 290 588

Quinns Reynolds Property
Marcus Quinn 0439 328 080
Linc Reynolds 0457 930 093