Freestanding Coles supermarket with 2,670sqm* of GLA that was redeveloped in 2008
20 year net lease expiring in 2028 plus options to 2048
Strategic land holding of 4,022sqm* with prominent frontage to the Warrnambool main retail strip, Lava Street
Situated amongst a range of complementary
national retailers including Target
Convenient at grade parking for 157* cars,
together with an abundance of free street parking surrounding the supermarket
The population of Warrnambool is projected
to grow to 47,000 by 2036** which will
continue to drive the underlying supermarket business
Net annual income of $803,630 pa*
TO BE SOLD BY PUBLIC AUCTION ON
THURSDAY 31ST AUGUST FROM 6PM
AT THE CBRE MELBOURNE OFFICE
LEVEL 34, 8 EXHIBITION STREET, MELBOURNE
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun Heng
+61 411 059 116
jj.heng@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com.au
*Approx
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 19,813 properties. Over the last 5 years, Houses in Warrnambool have seen a 41.59% increase in median value, while Units have seen a 28.83% increase. As at 31 December 2025:
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