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Adairs & Victorian Government, 118-120 Lava Street Warrnambool, VIC 3280

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Adairs & Victorian Government, 118-120 Lava Street,
Warrnambool, VIC 3280

Shop & Retail • Other

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$176,000
Number of Tenants
2 Tenants
Tenants / Type
Adairs & Victorian Government

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Map of Adairs & Victorian Government, 118-120 Lava Street

Directions
  • Train stations within 5 km of Adairs & Victorian Government, 118-120 Lava Street, Warrnambool, VIC 3280Distance
    Warrnambool Station797 m
    Sherwood Park Station4.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Adairs & Victorian Government, 118-120 Lava Street, Warrnambool, VIC 3280Distance
    Lava St/Kepler St (Warrnambool)178 m
    Koroit St Interchange/Koroit St (Warrnambool)283 m
    Warrnambool PS/Raglan Pde (Warrnambool)470 m
    Jamieson St/Canterbury Rd (Warrnambool)530 m
    Archie Graham Centre/Timor St (Warrnambool)535 m
    POWERED BY HERE ©
POWERED BY HERE ©

New 6 & 7 year agreements to Victorian Government & Adairs

  • New 7 year licence to Vic Gov
  • New 6 Year lease to ASX listed Adairs
  • Significant $1M refurb in 2021
**50% Stamp Duty Saving***

+ Victorian Government: New 7-year licence plus 5 x 5 year options through to 2038
+ Adairs: New 6 year lease plus 6 year option through to 2033
+ Adairs Ltd: ASX listed, 160 stores (Aus/NZ), current market cap of $644M
+ Prime Warrnambool CBD location, positioned perfectly between Coles & McDonald’s
+ Newly refurbished 800sqm* building including new roof
+ Large 1,150sqm freehold site, 20+ metre of frontage plus additional parking
+ Warrnambool: Victoria’s largest coastal city (outside of Port Phillip Bay) with a growing trade catchment circa 100,000 approx.
+ Net Rent: $176,000 pa + GST

For Sale by Private Treaty

Property ID: 503924342Last Updated: 5 Jan 2022

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Adairs & Victorian Government, 118-120 Lava Street
Warrnambool, VIC 3280
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