179-183 Princess Drive, Morwell, VIC 3840

Hotel/Leisure | Development/Land

For Sale $1,500,000

  • Property ID: 435680
  • Floor Area: 2400m²
  • Land Area: 2713m²
  • Occupancy: Vacant
MUST BE SOLD BY END OF APRIL 2024 PRICE REDUCED TO $1.5 MILLION

Exceptional opportunity at 179-183 Princess Drive, Morwell – a high-profile corner site that unveils the iconic Latrobe Valley Hotel.

Key Features;
- Suits prescribed accommodation premises (S.T.C.A)
- Comprised of over 20 guest rooms (single & double) and a manager's residence
- Includes function rooms, a lounge and public bar, and disco lounge
- Huge potential to expand floor plan and increase number of rooms
- Two level building with potential to add third level, supported by the existing concrete staircase to roof
- Large undercroft carpark fit for 24 vehicles plus store-rooms
- Vacant possession
- Option to restart business and renew late night (general) license
- Multiple development options suitable
- Positioned directly opposite the Morwell Railway Station

- Activity Centre Zone (ACZ)
- Land Area: 2,713 m2*
- Build Area: 2,400 m2*


(* approx.)

Morwell Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $1278 --- ---
Industrial $1208 --- ---
This is the average advertised price, rent and yield for Morwell, VIC 3840*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Floorplans

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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