84-90 Princes Drive, Morwell, VIC 3840 | Commercial for sale | OnTheHouse
FOR SALE
Auction 14 October at 10:45am (AEDT)

84-90 Princes Drive
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 313m2
Land area: 2525m2
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Auction Time
Wed 14 Oct 10:45 am
Inspection Times
No upcoming inspections scheduled.
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KFC Morwell | Secure Fast Food Investment with Significant Rental Upside

Ray White Retail is pleased to present 84-90 Princes Drive, Morwell VIC for sale by Auction on Wednesday 14 October at 10:45am (AEDT) at Level 28, 35 Collins Street, Melbourne.
| WHAT |
• Single-tenanted KFC drive-through investment
• Securely leased to Southern Restaurants Group, Australia's largest privately owned KFC franchisee group
• Rare ground lease structure, providing an exceptionally low-management investment
• Current rental significantly below prevailing market levels, providing substantial future income upside
• Market rent review in June 2027 providing an immediate opportunity to unlock rental growth
• Net Income of $72,480 + GST p.a.
| WHERE |
• High-profile 2,525 sqm corner landholding* with extensive exposure across three street frontages
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Property Details for 84-90 Princes Dr, Morwell

Building Type
Commercial
Floor Size
313m2
Land Size
2525m2
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About Morwell 3840

The size of Morwell is approximately 44.9 square kilometres. There are 31 parks, covering nearly 5.9% of the 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 9,485 properties. Over the last 5 years, Houses in Morwell have seen a 70.60% increase in median value, while Units have seen a 62.94% increase. As at 31 August 2026:

  • The median value for Houses in Morwell is $449,621 while the median value for Units is $363,863.
  • Houses have a median rent of $420 while Units have a median rent of $330.
There are currently 69 properties listed for sale, and 34 properties listed for rent in Morwell on OnTheHouse. According to Cotality's data, 639 properties were sold in the past 12 months in Morwell.

Suburb Insights for Morwell 3840

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Rick Silberman
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RWC Retail (VIC)
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.