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Ludeman Real Estate Pty Ltd - WARRNAMBOOL

Glasshouse Plaza, 149-165 Koroit Street Warrnambool, VIC 3280

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Glasshouse Plaza, 149-165 Koroit Street,
Warrnambool, VIC 3280

Shop & Retail • Showrooms & Bulky Goods • Development Sites & Land

Price information

Sale - Expression of Interest closing Thu 13 Aug

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$528,000
Number of Tenants
4 Tenants
Tenants / Type
Glasshouse Plaza

Expression of Interest

Closing

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Private inspections

to arrange a private inspection.

Ludeman Real Estate Pty Ltd - WARRNAMBOOL
Glasshouse Plaza, 149-165 Koroit Street
Warrnambool, VIC 3280
Ludeman Real Estate Pty Ltd - WARRNAMBOOL
James Wright
Mark Dwyer

Ludeman Real Estate Pty Ltd - WARRNAMBOOL

122 Liebig Street
WARRNAMBOOL, VIC 3280

Map of Glasshouse Plaza, 149-165 Koroit Street

Directions
  • Train stations within 5 km of Glasshouse Plaza, 149-165 Koroit Street, Warrnambool, VIC 3280Distance
    Warrnambool Station625 m
    POWERED BY HERE ©
  • Bus stops within 5 km of Glasshouse Plaza, 149-165 Koroit Street, Warrnambool, VIC 3280Distance
    Koroit St Interchange/Koroit St (Warrnambool)73 m
    Lava St/Kepler St (Warrnambool)263 m
    South West Tafe/Kepler St (Warrnambool)302 m
    Archie Graham Centre/Timor St (Warrnambool)341 m
    Olde Maritime Motor Inn/Banyan St (Warrnambool)488 m
    POWERED BY HERE ©
POWERED BY HERE ©

Prime CBD Retail Complex – High Yielding Investment

  • Three Longstanding ASX Listed Tenants
  • Large 3,241sqm Retail Building
  • Rare 60m Street Frontage
+ Prominent 3,241 sqm retail building including 8 retail shops and 1 office – formally known as the ‘Glasshouse Plaza’
+ Cash Converters: ASX listed second hand retailer with a current market cap of $101.7 million (July 2020) over 750 stores in 18 countries worldwide
+ The Reject Shop: Discount retail giant with a current ASX market cap of $266.09 million (July 2020) and over 356 stores nationally
+ Westpac: 2nd largest financial institution in Australia with a current ASX market cap of $66.56 billion (July 2020)
+ Autumn Nails: Experienced & respected local beautician, in operation for 16+ years
+ Significant 3,247 sqm site with rare 60m frontage to Koroit Street plus direct access to pedestrian crossing linking the property with the Target Centre
+ Prized Commercial 1 Zoning (C1Z) suits premium retail uses
+ Diverse income stream from long established tenants including The Reject Shop, Westpac, Cash Converters & Autumn Nails
+ Important direct access to 280 council car parks at the rear via Timor Street
+ Excellent upside with an opportunity to refurbish or redevelop (STCA)
+ Leading CBD retail location supported by major retailers including Coles, Target, McDonald's, Australia Post, RACV, Telstra and all major banks
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) servicing a growing trade catchment of 100,000+ residents
+ Potential Fully Let Income: $528,000 pa + GST

For Sale by Expressions of Interest
Closing 4pm AEST Thursday 13 August (unless sold prior)

Property ID: 503594278Last Updated: 11 Aug 2020

Agency contacts

Ludeman Real Estate Pty Ltd - WARRNAMBOOL
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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James Wright

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James Wright
Ludeman Real Estate Pty Ltd - WARRNAMBOOL
Glasshouse Plaza, 149-165 Koroit Street Warrnambool, VIC 3280

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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