High Profile Highway Frontage Corner Site being offered For Sale for the first time in 30 years, this Landmark corner property at the entrance to Warrnambool CBD, formerly known as the site of the first KFC Restaurant in Warrnambool is located in a high profile position with close proximity to the iconic Fletcher Jones Gardens. Prominent 26.3 meter frontage to Princes Highway/Raglan Parade and frontage to Foster Street and Johns Lane the only available triple road access site in town.
With leases to JG King Homes & Hertz Car Rental, the site is ideal for the astute occupier or investor - to plan for development (STCA) in the shorter term, or Landbank for future use.
Key property information
Corner site of 1207 sqm approx.
427 Raglan Parade: Site area of 631 sqm approx. with retail buildings of 460 sqm approx. including offices, staff amenities, warehousing
429 Raglan Parade: Car park/development block of 576sqm approx. with opportunity to value add (STCA)
Tenant 1. JG King Homes, Tenant 2. Hertz Car Rental
Combined Net rental income of $58,700 pa plus GST
Leases ending 2024 and 2023 respectively
Warrnambool is a premier south west coastal city with population of 37,000 and linking to a service area of 110,000 from Colac, Camperdown, Port Fairy, Portland, Hamilton, Mortlake and surrounding towns. With a significant expected population growth to 46,210 by 2036, this is a rare opportunity to purchase a corner site in this location on the Princes Highway with potential for further development.
Please contact selling agent Christine Steere 0409906223
