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427-429 Raglan Parade Warrnambool VIC 3280

  • Shop & Retail
  • 1,207 m²
  • For Sale, SOLD

Commercial Freehold Warrnambool

    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

    Christine Steere
    First National Real Estate Warrnambool
    Christine Steere
    First National Real Estate Warrnambool

    Property Highlights

    Property ID2017126600
    Floor Area1,207 m²
    Land Area1,207 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  10 Sep 2021
    Map for 427-429 Raglan Parade Warrnambool VIC 3280
    Map for 427-429 Raglan Parade Warrnambool VIC 3280427-429 Raglan Parade Warrnambool VIC 3280
    Christine Steere
    First National Real Estate Warrnambool
    Christine Steere
    First National Real Estate Warrnambool

    Property Highlights

    Property ID2017126600
    Floor Area1,207 m²
    Land Area1,207 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  10 Sep 2021
    First National Real Estate Warrnambool
    2a/142-146 Timor Street Warrnambool VIC 3280
    Christine Steere
    First National Real Estate Warrnambool
    Christine Steere
    First National Real Estate Warrnambool
    Christine Steere

    Christine Steere

    First National Real Estate Warrnambool

    0409 *** ***
    0409906223

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