311-327 Princes DriveMorwell VIC 3840
Property Details for 311-327 Princes Dr, Morwell
Last Listing description (April 2021)
Triple Net Lease to ALH
Major pub + Motel + BWS
Lease to 2028 + options to 2068
***50% STAMP DUTY SAVING AVAILABLE***
The Top Pub Hotel
Secure 25 years lease to 2028
Long term 4 x 10 year options to 2068
Triple Net Lease Terms tenant responsible for all outgoings and repairs
ALH: Australias largest pub operator, 85.4% owned by Endeavour Group
Endeavour Group is a 100% owned subsidiary of Woolworths Limited
Morwell administrative centre of the City of Latrobe, just 145 km east of Melbourne
Strategic Princes Drive location (Old Princes Highway)
Massive 18,290 sqm land area
Public bar for 100 patrons, Bistro for 140 patrons plus childrens play zone
TAB area plus gaming room
Plus a 17 bedroom motel on site
Includes a busy drive thru BWS
160 car parking spaces
Annual CPI rent adjustments with market review at options
Easily managed single tenant investment
Net Income: $145,130 pa + GST
For Sale by Investment Portfolio Auction
Wednesday 31 March at 10.30am AEDT
Crown Casino, Melbourne
Property History for 311-327 Princes Dr, Morwell, VIC 3840
- 26 Mar 2025Sold for $3,175,000
- 31 Mar 2021Sold for $2,860,000
- 26 Feb 2021Listed for Sale Contact Agent
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 9,466 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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