Tradelink, Unit 1/192-208 Princes Drive, Morwell, Vic 3840

CBRE & First National Real Estate Latrobe are pleased to offer to the market Tradelink, located at Unit 1/192-208 Princes Drive, Morwell VIC for sale via our Investment Portfolio Auction 188.

This opportunity has the following key investment highlights:
+ Three (3) year lease to 2028 plus option to 2031
+ Tradelink: established in 1854, national plumbing supplies business with over 230 locations
+ Acquired for A$170 million by Metal Manufactures (MM) in 2024. MM is owned by Blackfriars Corp & the US-based Colburn family with 5,700+ staff & 600+ locations across AUS & NZ (1)
+ Investor preferred net lease structure with the tenant responsible for all usual outgoings excluding land tax, as per the lease
+ Fixed 4% annual increases, ensuring compounding rental growth
+ High profile modern large format retail showroom with important rear loading bay and roller door access
+ Strategic position along Princes Drive seeing over 17,200 vehicles passing daily (2)
+ Surrounded by other national brands including Goodyear Tyre & Auto, Blackwoods, Shell, Pirtek & Cleanaway   
+ Morwell: one of the main commercial hubs of The Latrobe Valley, servicing a trade catchment of over 75,000* people (3)
+ Latrobe City: one of Victoria's major regional centres, with an annual economic output of $17.3 Billion (4)
+ Net Income: $77,600pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 28 October 2026
Horizon Room, Crown Casino, Melbourne VIC

*Approx
(1) Metal Manufactures
(2) GapMaps
(3) Latrobe City Council
(4) .id