1-3/98 Commercial Road, Morwell, Vic 3840-Image

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1-3/98 Commercial Road, Morwell, Vic 3840

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Unit

Type

Bedrooms

Bathrooms

Parkings

663 m²

Area

Last updated on Friday, April 24, 2026 ( See property details for 1-3/98 Commercial Road, Morwell, Vic 3840)

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Ross Maddaluno

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A turnkey investment opportunity featuring three fully renovated units in Morwell's CBD with immediate returns and long-term tenants.

🏡 Property Highlights

Fully renovated 2-bedroom brick units for modern living
Prime central location in Morwell's CBD with strong tenant demand
Solid construction on a generous 663m² block
Immediate rental income of $44,460 per annum
Long-term, reliable tenants already in place
Three separate carports for added convenience

✨ Key Features

Built-in Robes
Outdoor Area
Garage
Open-Plan Living
Secure Parking
Internal Laundry
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Waterfront / Views

Suburb and Property Insights of Morwell, VIC 3840

Morwell is a vibrant regional hub offering excellent amenities, strong community spirit, and growing demand for rental properties. Its central location provides easy access to shops, transport, and services, making it ideal for tenants and investors alike. The area benefits from ongoing development and a stable economic environment, ensuring long-term growth potential. Morwell's friendly neighbourhood atmosphere combined with its strategic position makes it a highly desirable place to live and invest.

Frequently Asked Questions

What is the condition of the units and are they move-in ready?

The units have been fully renovated and are move-in ready, offering modern amenities and a fresh, updated appearance.

What is the current rental yield and occupancy rate?

The property currently generates a rental income of $44,460 per annum with long-term tenants in place, indicating a strong and reliable yield.

Are there any ongoing maintenance or management costs?

As a turnkey investment, ongoing costs are minimal, but potential investors should consider standard property management and maintenance expenses.

Is the property compliant with all local building and safety regulations?

Yes, the units are fully renovated and compliant with current building standards, ensuring safety and legal compliance.

What are the zoning and planning restrictions for this property?

The property is zoned for residential use within Morwell's CBD, suitable for investment and rental purposes. Specific zoning details can be confirmed with local council.

What to ask about this property to agent?

Are there any existing or pending planning applications or development proposals nearby that could affect the property's value or enjoyment? Are there any easements, covenants, or restrictions on the property that could limit future development or use? Has a recent pest and building inspection been conducted, and are there any issues to be aware of? Are there any strata or body corporate fees, and what do they cover? Is the property located in a flood or bushfire-prone area, and what precautions are in place? Are there any upcoming construction projects or infrastructure works in the vicinity that could impact noise or access? What are the total ongoing costs, including council rates, water rates, and management fees? Are there any known defects or repairs needed for the units or the land? Is the property compliant with all current safety standards, including smoke alarms and security measures? What is the history of the property's occupancy and rental performance, and are there any issues with tenant retention?

1-3/98 Commercial Road, Morwell, Vic 3840 - More Details

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Type: Unit
Bedrooms: 6
Bathrooms: 3
Parkings: 3
Area: 663 m²

Price guide

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1-3/98 Commercial Road, Morwell, Vic 3840 - Point Of Interest

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Your Commute at a Glance: 1-3/98 Commercial Road, Morwell, Vic 3840

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Ross Maddaluno

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1-3/98 Commercial Road, Morwell, Vic 3840

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