Sold
195-197 Commercial Road, Morwell VIC 3840
$505,000
155m2
235m2
Retail
FIRST CHOICE COMMERCIAL INVESTMENT
High profile, double fronted shop with a floor area of approximately 235qm. Commercial freehold with main street location. Well situated opposite Mannys Market and within close proximity of Latrobe Shire Offices & the Legal Precinct, and Train Station & bus terminal. The property has excellent long term tenants, with great rental history. Currently leased to a well established beauty salon, known as Elirah Beauty & Cosmetics. Lease commenced 2/05/2023, term 5 years x 3 years. Rental $33,800pa +outgoings. Currently showing a net return of 6%.