31-41 Buckley StreetMorwell VIC 3840
Property Details for 31-41 Buckley St, Morwell
Last Listing description (August 2016)
New 10 year lease to 2025 plus options through to 2035.
Attractive fixed annual rent increases.
Tenant pays all usual outgoings including Land Tax.
Large 5,920 sqm site over 5 titles with 117 car spaces.
Government tenant minimum management investment.
Significant taxation saving depreciation.
Morwell: Central within Greater Latrobe Valley urban area (population 75,000+) regional hub of Gippsland, 145km east of Melbourne.
Rent: $313,750 pa (year 1 includes rear car park) increasing to $342,650 pa (year 2).
Auction 11am AEST Wednesday 16 September
River Room, Crown Casino Melbourne
Property History for 31-41 Buckley St, Morwell, VIC 3840
- 19 Aug 2015Listed for Sale Not Disclosed
- 24 Feb 2006Sold for $290,000
Recent sales nearby
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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 9,451 properties. Over the last 5 years, Houses in Morwell have seen a 84.11% increase in median value, while Units have seen a 81.59% increase. As at 31 January 2026:
- The median value for Houses in Morwell is $392,900 while the median value for Units is $316,647.
- Houses have a median rent of $415 while Units have a median rent of $320.
Suburb Insights for Morwell 3840
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