VENDOR SAYS SELL

The perfect value add commercial freehold opportunity that
you've been waiting for.

This vacant showroom / bulky goods freehold on approximately
1 acre of prime CBD land, is poised to cater for Victoria's 8th
largest growing city (growing faster as a result of Covid-19),
the Western District's largest city centre, home to universities,
government bodies, medical institutions, international &
national retailers and large scale agricultural businesses.
Key features of incredible opportunity include:
An expansive and extremely rare landholding of
4,400sqm* in the centre of Warrnambool's CBD
zoned Commercial 1 (C1Z)

A 2,674sqm* showroom / bulky goods facility that
could be refurbished and configured to suit major
national retailers given the prominent CBD location
and dual street frontage

Estimated market rental of $668,500 per annum
+ GST & Outgoings if offered for lease, suiting the
requirements of many national large format retailers

Permit approval to develop a project consisting of
15,179sqm* of NSA featuring commercial office,
ground floor retail, residential and a hotel that is
committed to national operator 'Punthill' on a longterm
basis

Walking distance to Warrnambool Train Station,
Primary School and South West Healthcare, whilst
also being close to major retailers Aldi, Coles and Woolworths

Warrnambool is situated on the Surf Coast of Victoria, 260km
southwest of Melbourne, and is the eighth-largest city in
regional Victoria in terms of population. The city is the region's
main service centre for retail, business services, health and
education.
Located along the Great Ocean Road, Warrnambool is also a
major tourist hub.
Employment, Industry and Infrastructure
Warrnambool has approximately 2,858 businesses and a
workforce of around 18,164 people.

Health Care and Social Assistance is the primary employment
industry in Warrnambool, followed by Retail Trade, Education
and Training, Accommodation and Food Services and
Construction. In the five-year period 2015-2020, there
was strong employment growth in Health Care and Social
Assistance, Construction , Manufacturing, and Professional,
Scientific and Technical Services.

In terms of Gross Value Added activity, Health Care and Social
Assistance is the largest performing sector in Warrnambool,
generating $270 million in 2020. Education and Training,
Construction and Retail Trade are also key industry sectors.



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Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters

The Phone Code for this property is: 95793. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.