38 Albert StreetWarrnambool VIC 3280
Property Details for 38 Albert St, Warrnambool
Last Listing description (August 2021)
This set and forget investment is now on offer in Warrnambool's busy industrial estate. Located on a high exposure corner, is this dual tenancy building with long term businesses in place.
- Dual tenancy with current net income $52,000 per annum
- Fixed rental increases will see the return at $60,000 per annum in 2023
- Potential future income from land available for further development
38 Albert Street - approx...514m2 building space & 400m2 yard
40 Albert Street - approx....370m2 building space & 150m2 yard
Total Site - approx. 2034m2
As the city of Warrnambool continues to grow and develop, sites like this are becoming harder to find.
Call today for further information!
Property History for 38 Albert St, Warrnambool, VIC 3280
- 30 Jun 2021Listed for Sale Auction
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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 19,818 properties. Over the last 5 years, Houses in Warrnambool have seen a 45.46% increase in median value, while Units have seen a 24.82% increase. As at 31 March 2026:
- The median value for Houses in Warrnambool is $686,827 while the median value for Units is $444,586.
- Houses have a median rent of $600 while Units have a median rent of $450.
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