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149-165 Koroit Street Warrnambool VIC 3280

  • Shop & Retail
  • 3,241 m²
  • For Sale, Price on Request

Prime CBD Retail Complex High Yielding Investment

    + 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: Victorias 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)

    Jamie Perlinger
    Burgess Rawson & Associates
    Jamie Perlinger
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates

    Property Highlights

    Property ID2016355860
    Floor Area3,241 m²
    Land Area3,247 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  28 Sep 2020
    Map for 149-165 Koroit Street Warrnambool VIC 3280
    Map for 149-165 Koroit Street Warrnambool VIC 3280149-165 Koroit Street Warrnambool VIC 3280
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Jamie Perlinger
    Burgess Rawson & Associates
    Jamie Perlinger
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates

    Property Highlights

    Property ID2016355860
    Floor Area3,241 m²
    Land Area3,247 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  28 Sep 2020
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000
    Jamie Perlinger
    Burgess Rawson & Associates
    Jamie Perlinger
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates

    Ask Jamie Perlinger about this property

    Jamie Perlinger

    Jamie Perlinger

    Burgess Rawson & Associates

    Beau Coulter

    Beau Coulter

    Burgess Rawson & Associates

    0413 *** ***
    0413 860 315

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