Wilson Property

31-39 Catherine Street,
Morwell

Property photo 1 — 31-39 Catherine Street MorwellSold1 of 35

Well Established Logistics & Food Distribution Centre - Yield 8.24% Net

Industrial/Warehouse

12 CAR|1,500m2 FLOOR|5 acre LAND

Sold - $1,750,000

  • Long term tenant, PFD Food Services P/L, Australia's largest privately owned foodservice network
  • Current combined net income $144,262.14*p.a. + GST with CPI annual increases
  • Tenant pays 100% of all building outgoings as per the lease
  • Five (5) year lease to 31st May 2022 with two (2) further terms, each of five (5) years
  • 5 acre* site with 3 street frontages plus scope for future development or value add (S.T.C.A)
  • PFD Food Services has occupied the site since June 2007, and currently have 47* outlets Australia wide

(*approx.)

Sign Up for Property Alerts

Let us help you find your next asset. See the latest properties on offer, as soon as they hit the market.

Sign Up