427 Raglan Parade, Warrnambool, VIC 3280 | Property Value & History | OnTheHouse
 
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427 Raglan Parade
Warrnambool VIC 3280

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 634m2
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Property Details for 427 Raglan Pde, Warrnambool

Building Type
Commercial
Land Size
634m2
Local Government
Warrnambool
Lot/Plan
1/TP171988

Last Listing description (November 2023)

This Landmark corner property at the entrance to Warrnambool CBD, formerly known as the site of the first KFC Restaurant in Warrnambool is located in a high profile position with close proximity to the iconic Fletcher Jones Gardens. Prominent 26.3 meter frontage to Princes Highway/Raglan Parade and frontage to Foster Street and Johns Lane the only available triple road access site in town.

Key property information (existing configuration)
Corner site of 1207 sqm approx.

427 Raglan Parade: Site area of 631 sqm approx. with retail buildings
of 460 sqm approx. including offices, staff amenities, warehousing
429 Raglan Parade: Car park/development block of 576sqm approx.

Warrnambool is a premier south west coastal city with population of 37,000 and linking to a service area of 110,000 from Colac, Camperdown, Port Fairy, Portland, Hamilton, Mortlake and surrounding towns. With a significant expected population growth to 46,210 by 2036, this is a rare opportunity to lease a corner site in this location on the Princes Highway with potential for further development, subject to approval by Lessor and local Council.

Rare opportunity to secure a prominent leasehold location within one of Victoria's premier coastal towns. High exposure and daily traffic of 20,000 approx. cars per day. Strong further development potential for the right tenant (STCA).

Inspection by appointment only, please contact leasing agent Christine Steere 0409906223

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Property History for 427 Raglan Pde, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
Last Sold
$1,200,000
10 Sep 2021
Listed for Rent
03 Nov 2023
  • 28 Sep 2023
    Listed for Rent - Price not available
  • 10 Sep 2021
    Sold for $1,200,000
  • 11 Jul 2021
    Listed for Sale SOLD
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About 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 19,815 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:

  • The median value for Houses in Warrnambool is $639,953 while the median value for Units is $409,315.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 135 properties listed for sale, and 24 properties listed for rent in Warrnambool on OnTheHouse. According to Cotality's data, 877 properties were sold in the past 12 months in Warrnambool.

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