Set in a high profile position in Warrnambool CBD is this fantastic commercial freehold opportunity. Currently leased by The Surf Co. until February 2018 with 2 further 3 year options. Approx 300m2, the building sits within metres of the Target complex, National Australia Bank and large carpark. Boasting a new 5 year lease beginning February 2018 with fixed 5% annual increases. The average yearly rent for this 5 year period is $55,256 plus GST representing a very healthy return on investment.
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 19,814 properties. Over the last 5 years, Houses in Warrnambool have seen a 44.74% increase in median value, while Units have seen a 35.85% increase. As at 30 November 2025:
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