A significant commercial property investment opportunity has emerged in the heart of Morwell following the execution of a new long-term lease to the Victorian State Government.
CRS Property has been appointed to market and sell 7-9 & 11 Hazelwood Road, Morwell via an Expressions of Interest campaign closing on 15 July 2026, along with conjunctional agents Colliers.
The property has a secured five-year lease with the Department of Families, Fairness and Housing, reinforcing the government’s longstanding commitment to the Morwell Civic Centre and the broader Gippsland region.
The department has occupied the property for more than two decades and recently committed to a further five-year term commencing in April 2025, together with two additional three-year options. As part of its continued occupation, the department is also planning a substantial internal refurbishment program during 2026, representing an investment of approximately $250,000 into the facility.
Comprising 2,219 square metres of modern office accommodation and supported by 34 on-site car parks, the property plays an important role within Morwell’s established civic and administrative precinct. The area is home to a concentration of government agencies and public services, serving as one of the key administrative hubs for both the City of Latrobe and the wider Gippsland region.
The renewed lease provides a strong endorsement of Morwell’s position as a strategic regional centre and highlights the ongoing demand for quality government-occupied assets across regional Victoria.
The property occupies a substantial Activity Centre-zoned site of approximately 1,906 square metres and benefits from excellent connectivity, being located within walking distance of Morwell Railway Station and providing convenient access to the Princes Freeway (M1), connecting the region to Melbourne and surrounding Gippsland communities.
According to CRS Property, the offering is anticipated to appeal to both private and institutional investors seeking exposure to the growing social infrastructure sector, underpinned by a secure government tenancy and long-term income profile. The campaign also highlights the potential for eligible purchasers to achieve stamp duty savings, further enhancing the attractiveness of this tightly held government-leased investment opportunity.
The asset generates a net passing income of $512,500 per annum plus GST and is expected to attract strong interest from investors seeking secure income backed by a State Government covenant.
Interested parties are invited to submit Expressions of Interest before the campaign closing date of 15 July 2026.
About CRS Property
CRS Property is a trusted commercial real estate agency specialising in sales, leasing, and property management across Victoria. With deep market knowledge and a client-first approach, CRS Property consistently delivers outstanding results for property owners and tenants alike.
Strategy. Delivered.
Lincoln McConnell‑Brown
Head of Asset Management and Senior Principal, CRS Property
