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131-135 Princes Dr 13,778 SF Industrial Building Morwell, VIC 3840 For Sale
Investment Highlights
- Fully leased, income-producing commercial freehold with three tenants, including two major government-funded service providers
- Surrounded by complementary civic amenity and positioned to capture a population base of 75,000+ within Latrobe Valley, underpinning sustained service
- Exceptional location within Morwell’s commercial epicentre providing direct connectivity to Melbourne-Sale rail, Princes Freeway, and regional health
Executive Summary
131-135 Princes Drive represents a premier investment opportunity to acquire a fully leased commercial freehold in a prominent corner location servicing the Latrobe Valley’s largest regional catchment. Comprising a substantial 3,034 sqm site with Activity Centre zoning and improvements totaling approximately 1,280 sqm, the property is leased to nationally recognized and government-funded tenants in the health, community, and essential services sectors—ensuring income stability underpinned by federally funded programs.
Anchored by organisations such as Uniting Limited and Aruma Services Limited, this asset provides defensive cash flow secured by quality covenants and long-standing operational commitments supported by multi-million-dollar funding streams. Additional income derives from specialty storage occupancy, enhancing tenancy diversification and alignment to essential service provision. Situated less than 500 metres from Morwell Station and within walking distance to core civic, retail, and legal precincts, this property combines strategic locational superiority with infrastructure-backed accessibility.
Positioned within a priority regional growth hub undergoing significant government investment and economic transition initiatives, the asset offers substantial underlying land value with low site coverage, providing potential for future expansion, refurbishment, or mixed-use redevelopment (STCA), while benefiting from enduring demand drivers in healthcare and social services.
Anchored by organisations such as Uniting Limited and Aruma Services Limited, this asset provides defensive cash flow secured by quality covenants and long-standing operational commitments supported by multi-million-dollar funding streams. Additional income derives from specialty storage occupancy, enhancing tenancy diversification and alignment to essential service provision. Situated less than 500 metres from Morwell Station and within walking distance to core civic, retail, and legal precincts, this property combines strategic locational superiority with infrastructure-backed accessibility.
Positioned within a priority regional growth hub undergoing significant government investment and economic transition initiatives, the asset offers substantial underlying land value with low site coverage, providing potential for future expansion, refurbishment, or mixed-use redevelopment (STCA), while benefiting from enduring demand drivers in healthcare and social services.
Property Facts
| Sale Type | Investment | Rentable Building Area | 13,778 SF |
| Sale Condition | Auction Sale | No. Stories | 1 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.96/1,000 SF |
| Lot Size | 0.75 AC |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.75 AC |
| Rentable Building Area | 13,778 SF |
| No. Stories | 1 |
| Tenancy | Single |
| Parking Ratio | 1.96/1,000 SF |
Amenities
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131-135 Princes Dr
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