85 Queen StreetWarragul VIC 3820
Property Details for 85 Queen St, Warragul
Last Listing description (February 2025)
Lifestyle and Acreage is pleased to present for sale an exceptional investment opportunity at 85 Queen Street, Warragul. This distinguished double-story building in the middle of Warragul town offers immediate commercial viability and significant future growth potential, making it a prime asset for astute investors and entrepreneurs.
Key Property Features:
Prime Location: Positioned on the high-traffic Queen Street, this property enjoys superior visibility and accessibility within Warraguls dynamic precinct, offering strong commercial appeal.
Secure Tenancy: Leased to the well-established Yellow Door Caf, the property is secured by a 15-year lease, generating a stable weekly rent of $940, equating to an annual income of $48,880. This long-term lease offers both immediate and future financial stability.
Versatile Upper Level: The upper floor features two flexible office spaces (4.6m x 5m each) and a storage room (3.6m x 4m), providing adaptability for various professional or commercial uses, with potential to expand caf operations or introduce new business ventures.
Total Building Area: The total building area is 174 sqm, with 87 sqm on the upper level and 87 sqm on the lower level.
Investment Highlights:
Strong Income Stream: The 15-year lease agreement delivers a stable annual income of $48,880, representing a solid 7% rental yield. This reliable income stream minimizes investment risk while delivering attractive returns.
Strategic Location: Situated on Queen Street, this property benefits from excellent commercial exposure and high foot traffic, ensuring ongoing business success and increased market appeal.
Proven Business Success: The sustained success of the Yellow Door Caf highlights the property's strong market positioning and ability to support profitable retail or hospitality ventures.
Development Potential: With its double-story design and versatile upper floor, the property offers substantial potential for further development or enhancement, making it a valuable asset for long-term growth and investment.
Disclaimer:
Lifestyle & Acreage Real Estate has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
Property History for 85 Queen St, Warragul, VIC 3820
- 06 Nov 2024Sold for $660,000
- 18 Sep 2024Listed for Sale Not Disclosed
- 11 Oct 2022Sold for $500,000
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About Warragul 3820
The size of Warragul is approximately 55.0 square kilometres. It has 43 parks covering nearly 4.4% of total area. The population of Warragul in 2016 was 15757 people. By 2021 the population was 19856 showing a population growth of 26.0% in the area during that time. The predominant age group in Warragul is 30-39 years. Households in Warragul are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Warragul work in a professional occupation.In 2021, 74.70% of the homes in Warragul were owner-occupied compared with 72.70% in 2016.
Warragul has 13,226 properties. Over the last 5 years, Houses in Warragul have seen a 28.73% increase in median value, while Units have seen a 28.00% increase. As at 31 March 2026:
- The median value for Houses in Warragul is $736,031 while the median value for Units is $430,861.
- Houses have a median rent of $570 while Units have a median rent of $410.
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