Colliers and CRS Property are pleased to present 7-9 & 11 Hazelwood Road, Morwell for sale by Expressions of Interest closing on Wednesday, 15th July 2.00pm (AEST).
Key investment highlights include:
• Modern social infrastructure asset of 2,219sqm* NLA
• 100% leased to the State Government (Department of Families, Fairness and Housing) for 5 years from 23 April 2025 plus 2 x 3 year options
• Net passing income of $512,500 p.a. + GST
• 34 secure on-grade car parks
• Substantial Activity Centre Zoned site of 1,906sqm*
• Longstanding and committed tenant who has occupied the property for over 20 years and plans to project manage a $250,000 internal refurbishment during 2026
• Situated in Morwell’s Civic Centre with an agglomeration of government occupiers serving as one of the key administrative centres for the City of Latrobe and Victoria’s Gippsland region
• Excellent connectivity situated just 600m* from Morwell Station and 1.5km* to Princes Freeway (M1) providing easy access to Melbourne and the broader Gippsland region
• Potential 50% Stamp Duty Savings
For further information, please contact the exclusive agents
Colliers:
Alex Browne - +61 418 350 545
Eddie Foulkes - +61 405 890 960
CRS Property:
Ross Mercorillo - +61 418 227 354
Lou Montalti - +61 488 553 455
*-approximately
Remember to mention you found this property on CommercialReady
Colliers and CRS Property are pleased to present 7-9 & 11 Hazelwood Road, Morwell for sale by Expressions of Interest closing on Wednesday, 15th July 2.00pm (AEST).
Key investment highlights include:
• Modern social infrastructure asset of 2,219sqm* NLA
• 100% leased to the State Government (Department of Families, Fairness and Housing) for 5 years from 23 April 2025 plus 2 x 3 year options
• Net passing income of $512,500 p.a. + GST
• 34 secure on-grade car parks
• Substantial Activity Centre Zoned site of 1,906sqm*
• Longstanding and committed tenant who has occupied the property for over 20 years and plans to project manage a $250,000 internal refurbishment during 2026
• Situated in Morwell’s Civic Centre with an agglomeration of government occupiers serving as one of the key administrative centres for the City of Latrobe and Victoria’s Gippsland region
• Excellent connectivity situated just 600m* from Morwell Station and 1.5km* to Princes Freeway (M1) providing easy access to Melbourne and the broader Gippsland region
• Potential 50% Stamp Duty Savings
For further information, please contact the exclusive agents
Colliers:
Alex Browne - +61 418 350 545
Eddie Foulkes - +61 405 890 960
CRS Property:
Ross Mercorillo - +61 418 227 354
Lou Montalti - +61 488 553 455
*-approximately
Remember to mention you found this property on CommercialReady
7-9 & 11 Hazelwood Road, Morwell, VIC, 3840
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