75-77 Banyan StreetWarrnambool VIC 3280
Property Details for 75-77 Banyan St, Warrnambool
Last Listing description (October 2018)
On offer is an outstanding opportunity to purchase this freehold going concern. A market leader in Warrnambool, running at 88% occupancy. Extensively refurbished and a simple operation of 28 rooms with no restaurant. It has the scale that would suit an owner operator or could be run under management. - Developed in three stages, has had extensive renovations in rooms, bathrooms and public areas.- Exceptionally well located in the city centre of Warrnambool.- Would suit an owner operator or has ample scale and capacity to be run under management.- High profile freehold going concern running at 88% occupancy.- Outstanding 3 bedroom/2 living space residence- Warrnambool caters to both corporate and leisure markets.- Versatile inventory of 28 rooms and no restaurant operation. NB: Property inspections are by appointment only
Property History for 75-77 Banyan St, Warrnambool, VIC 3280
- 02 Feb 2021Sold for $2,500,000
- 18 Oct 2018Listed for Sale $4,800,000
- 14 May 2015Sold for $1,950,000
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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 19,820 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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