(FIRST TIME OFFERED IN MORE THAN 30 YEARS)
This is your opportunity to be part of the renaissance of Liebig Street. The street offers an array of specialty retail shops, national retailers, established long term businesses, major banks and lending institutions, a host of cafes, restaurants and bars to suit every whim, and all located in a lovely coastal town.
Opportunities to purchase a shop with vacant land in this CBD location are scarce.
This freehold provides flexibility to invest, owner-occupy, or value add to the property.
The Liebig Street building started life as a saddlery in the 1860s, serving the role until the 1930s when it became a clothing store and later a carpet shop, then the iconic Savoy Restaurant and most recently occupied on a reasonable rental to a hip cafe.
Key Property Features:
- Zoned Commercial 1
- Prime landholding of 237m2 with double storey freehold located on Warrnambools busiest street
- On site car park of 130m2 approx./Alfresco courtyard
- Lease to a successful cafe tenant
- New veranda
- Value-add potential to refurbish first floor to increase rental revenue
- High levels of pedestrian foot traffic
- Dual access from both Liebig Street and rear public car park
- Future development potential for residential accom., serviced apartments or office accom. (STCA)
- Situated in the incredibly tightly-held CBD in the heart of Liebig Streets retail precinct.
The shop boasts many original features and has been tastefully refurbished to present as a vibrant and hip cafe. The location is fantastic with the major pedestrian crossing in the busiest stretch of Liebig Street directly outside the shop entrance.
The property extends all the way to the public car park at the rear which provides easy access for up to 4 car spaces or future potential to further develop.
The property presents a rare opportunity to capitalise on Warrnambools rapidly evolving Liebig Street and purchase a tightly held freehold in one of Regional Victorias fastest growing pockets.
For all property enquiries or to arrange an inspection, please contact exclusive selling agents First National Real Estate Warrnambool on 0355 629014.
