188-190 Commercial RoadMorwell VIC 3840
Property Details for 188-190 Commercial Rd, Morwell
Last Listing description (April 2026)
Savills, in conjunction with Stockdale & Leggo, is pleased to present this prime CBD investment leased to Anglicare, a highly recognised not-for-profit tenant who has undertaken significant capital works to create a modern office environment.The property comprises a single-level office with reception areas, offices, training spaces and amenities, plus secure undercroft parking and a passenger lift. The offering also includes a small retail tenancy fronting Commercial Road, occupied by Jodies Hairworkshop.Key attributes of the property include: 5 + 5-year lease to Anglicare, in occupation since 2017, offering secure income from a highly recognised Not-for-Profit organisation Returning $171,828 p.a. (May 2026) with significant capital expenditure by Anglicare in the office fit-out including the installation of a lift. Substantial 2,300sqm* office building with an extensive, modern fitout undertaken by the tenant with secure undercroft parking for approx. 20 vehicles Prominent 2,165 sqm* CBD landholding with dual frontage to Commercial Road & George Street Potential 50% stamp duty savings Prime Activity Centre location in Morwell, opposite Morwell railway station, servicing a 75,000+^ catchment just 145km* from the Melbourne CBD.*ApproximateFor Sale by Expressions of Interest closing Wednesday 15th April at 2pmFor further information please contact:SavillsStephen Bolton - 0419 323 997Beau Bakhtani - 0412 159 038Stockdale & LeggoJim Demetrios 0419 335 271George Demetrios 0413 776 303
Property History for 188-190 Commercial Rd, Morwell, VIC 3840
- 17 Apr 2026Sold for $2,350,000
- 10 Mar 2026Listed for Sale Contact Savills or Stockdale & Leggo Team Today
- 19 Oct 2016Listed for Sale Price Upon Application
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0About 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 9,465 properties. Over the last 5 years, Houses in Morwell have seen a 80.73% increase in median value, while Units have seen a 73.39% increase. As at 31 May 2026:
- The median value for Houses in Morwell is $435,632 while the median value for Units is $358,612.
- Houses have a median rent of $420 while Units have a median rent of $330.
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