98-100 Koroit Street, Warrnambool, VIC 3280 | Property Value & History | OnTheHouse
OFF MARKET

98-100 Koroit Street
Warrnambool VIC 3280

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 494m2
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Property Details for 98-100 Koroit St, Warrnambool

Building Type
Commercial
Land Size
494m2
Local Government
Warrnambool
Lot/Plan
2/PS508773

Last Listing description (December 2021)

+ 7 year lease to January 2026 plus options to 2036
+ JAX Tyres & Auto: wholly owned entity of Hankook Tire (KRX Listed) with a market cap of over $7 Billion
+ Annual rent reviews and market review at option

+ Extensive capital intensive refurbishment in 2019 with branding upgraded in 2021
+ 483sqm freehold title with 23 metre frontage and exposure
+ Commercial 1 zoning suits premium retail
+ Strategic position central to Warrnambool's CBD and automotive precinct
+ Warrnambool: Victoria's largest coastal city (outside Port Phillip Bay) with a growing trade catchment area of 100,000
+ Net Income: $81,934 pa + GST (Feb 2022)

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

Property History for 98-100 Koroit St, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
Last Sold
$1,830,000
15 Dec 2021
  • 15 Dec 2021
    Sold for $1,830,000
  • 18 Nov 2021
    Listed for Sale Price on Request
  • 16 Nov 2020
    Listed for Sale $190,000 - $240,000 GST N/A
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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 19,813 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 136 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.

Suburb Insights for Warrnambool 3280

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.