127 Lava StreetWarrnambool VIC 3280
Property Details for 127 Lava St, Warrnambool
Last Listing description (November 2025)
Colliers, in conjunction with Harris & Wood, under instructions from the mortgagee in possession, have been appointed to offer 127-145 Fairy Street and 239 Lava Street, Warrnambool For Sale.
Ideally located to the western side of the Warrnambool CBD with proximity to national retailers Target, Coles, Chemist Warehouse, Aldi and Woolworths.
The site presents the perfect opportunity for a developer, investor or owner-occupier looking to redefine this landmark property and capitalise on the size, scale and location within the CBD.
Permit-approved plans for a mixed-use development are available upon request, highlighting the council's promotion of growth in the area.
Key Features
- Commercial 1 zoning
- Total land area of 4,122m*
- Total build area of 2,832m*
- Dual street frontages to Fairy Street (78m*) and Lava Street (8.5m*)
- Plans and permits for a nine-storey, 56-room hotel and 84 serviced apartments along with 6,597m* of commercial and retail floor areas
- Re-position and value-add opportunities
- Vacant possession allowing owner occupiers to redefine this supersite
- 40 plus onsite car parks
- Located in proximity to key national tenants, roads and rail providing excellent connectivity and exposure
Warrnambool is one of Victoria's largest regional cities, located approximately 225km* from the Melbourne CBD. Warrnambool's ongoing population growth will be driven by several residential developments, such as the Northern Edge (480 lots), Wollaston Way Estate (284 lots) and Riversdale Estate (220 lots).
All parties wanting further information or to inspect the property must contact the appointed selling agents to arrange an inspection.
Colliers agents Chris Nanni on 0438 306 361 or Will Heffernan on 0400 917 179 and Harris & Wood agent Danny Harris on 0497 343 632.
*Approximately
Property History for 127 Lava St, Warrnambool, VIC 3280
- 01 May 2025Listed for Sale Contact Agent
- 28 May 2024Sold for $92,858
- 20 Feb 2020Listed for Sale Contact Agent
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0About Warrnambool 3280
The size of Warrnambool is approximately 65.1 square kilometres. It has 76 parks covering nearly 6.4% of total area. The population of Warrnambool in 2016 was 29661 people. By 2021 the population was 31308 showing a population growth of 5.6% in the area during that time. The predominant age group in Warrnambool is 60-69 years. Households in Warrnambool are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warrnambool work in a professional occupation.In 2021, 67.10% of the homes in Warrnambool were owner-occupied compared with 63.70% in 2016.
Warrnambool has 19,821 properties. Over the last 5 years, Houses in Warrnambool have seen a 44.19% increase in median value, while Units have seen a 37.43% increase. As at 28 February 2026:
- The median value for Houses in Warrnambool is $672,232 while the median value for Units is $449,086.
- Houses have a median rent of $598 while Units have a median rent of $450.
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