4 Spence Street Warrnambool VIC 3280

Better known as the City Heart Motel 4 Spence Street represents an outstanding, fully leased investment opportunity in the thriving seaside city of Warrnambool.

Set on a site of some 1007m2 it is positioned strategically within easy walking distance of the CBD's café, restaurant and retails stores and is bordered by one the city's highest land value residential areas.

Key attributes include net income of $77,416.37 per annum, current lease term until 31 July 2023 with 4x 5-year options remaining, 17 rooms plus managers residence.