103 Alexanders RoadMorwell VIC 3840
Property Details for 103 Alexanders Rd, Morwell
Last Listing description (May 2021)
+ 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
+ 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
Property History for 103 Alexanders Rd, Morwell, VIC 3840
- 06 May 2021Sold for $2,890,000
- 14 Apr 2021Listed for Sale Price on Request
Recent sales nearby
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0About 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 9,469 properties. Over the last 5 years, Houses in Morwell have seen a 87.65% increase in median value, while Units have seen a 83.79% increase. As at 28 February 2026:
- The median value for Houses in Morwell is $412,450 while the median value for Units is $328,348.
- Houses have a median rent of $420 while Units have a median rent of $320.
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