221 Commercial Road, Morwell, VIC 3840 | Commercial for sale | OnTheHouse
 
FOR SALE
$249,500

221 Commercial Road
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 80m2
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Secure Investment In Prime Location

Easily accessible to train station, legal precinct and Morwell CBD Area
Highly visible office space with excellent street exposure
Well maintained office – with meeting room, open reception area, separate office, small kitchenette and toilet.
Excellent rental history – with current tenant since 2019 and leased until March 2027.
Rental $1100 per month plus outgoings & rates – PLUS signage rental, showing gross return of approx. 5.4%
Property Code: 3254

Property Details for 221 Commercial Rd, Morwell

Building Type
Commercial
Floor Size
80m2
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About Morwell 3840

The size of Morwell is approximately 44.9 square kilometres. It has 31 parks covering nearly 5.9% of total area. The population of Morwell in 2016 was 13771 people. By 2021 the population was 14389 showing a population growth of 4.5% in the area during that time. The predominant age group in Morwell is 60-69 years. Households in Morwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morwell work in a labourer occupation.In 2021, 62.00% of the homes in Morwell were owner-occupied compared with 61.70% in 2016.

Morwell has 9,456 properties. Over the last 5 years, Houses in Morwell have seen a 80.21% increase in median value, while Units have seen a 69.07% increase. As at 31 October 2025:

  • The median value for Houses in Morwell is $367,492 while the median value for Units is $303,233.
  • Houses have a median rent of $410 while Units have a median rent of $305.
There are currently 67 properties listed for sale, and 9 properties listed for rent in Morwell on OnTheHouse. According to Cotality's data, 599 properties were sold in the past 12 months in Morwell.

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Frank Palermo
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KW Property Sales & Rental
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