Address available on request,
Warrnambool, VIC 3280

Shops & Retail • Warehouse, Factory & Industrial

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Prime CBD Investment

Falk & Co is pleased to bring to market 248 - 254 Timor Street Warrnambool. A rare opportunity to acquire a massive holding of 2022.74m2 prime Business 1 Zone, with an excellent 5 x 5 x 5 year Lease in place to 2035 including options showing excellent returns with a Blue Chip tenant currently returning Net rent $123,049.09 plus GST plus outgoings.
The property offers High Exposure prominent retail position in the heart of the CBD, comprising a showroom of 122.6m2 warehouse 325.774m2 total mezzanine area 229.643m2 two further storage areas of 241.4m2 plus a fully concreted yard and of course rear access.

Warrnambool is Victoria's largest coastal city (outside of Port Phillip Bay) with a growing trade catchment of 100,000 approx.

The property is being offered by Expression of Interest closing 18th February 2022 at 4:00pm,

Warrnambool, 3280 demographic data

Warrnambool and Regional Victoria have similar median household incomes, at $1,385. Warrnambool has a younger age profile compared to the rest of Regional Victoria (median age 42 vs 43). Property ownership data shows 44% of property owners in Warrnambool have a mortgage.

31,308

Population

$1,385 per week

Median household income

42 years

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