+ 13

4 Minchington Road, Morwell

$1,950,000 - $1,999,000

4,621m2 1,174m2 Floor Area
For Sale

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, plus a fully renovated caretaker's residence on site.

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

 

Details

Address 4 Minchington Road, Morwell
Price $1,950,000 - $1,999,000
Property Type Commercial
Property ID 3147
Commercial Listing Type Sale
Category Other
Land Area 4,621m2
Total Area 1,174m2

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Jesse Watson

0421 337 777

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Frank Palermo

0427 049 696

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