This freehold investment, one of Warrnambool CBD's most prominent office holdings, is fully let to National Australia Bank, The Standard (Fairfax Media) and community Axis Employment. Set over 2 titles covering a land area of 2,030m2, it has a wide frontage to Kepler Street and is bordered by the Target and Coles shopping complex. It has a total lettable area of approx 1,845m2 and currently returns the owner $389,923 plus GST and outgoings per annum. This property represents a sound addition to any investment portfolio and with strong future growth predicted for Warrnambool, it should return a maintainable yield of between 8% - 8.5%.
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 41.59% increase in median value, while Units have seen a 28.83% increase. As at 31 December 2025:
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