FOR SALE
$350,000

122 Morriss Road
Warrnambool VIC 3280

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 66m2
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A lucrative investment opportunity!

Are you searching for a low maintenance, prime investment? This solid property has just had a new lease signed and the first three year period has begun, with an option of a further three for the tenant. Current rent is $14,988 P/A and all outgoings are covered by the tenant, which makes this an attractive option within the current investment market. It has operated as a laundrette for many years and we can't see that changing any time soon. Surrounded by residential homes, this unique strip of shops is unlike many others.
Contact us now for the particulars and we'll help you through.

Property Details for 122 Morriss Rd, Warrnambool

Building Type
Commercial
Floor Size
66m2

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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 2011 was 28,412 people. By 2016 the population was 29,659 showing a population growth of 4.4% in the area during that time. The predominant age group in Warrnambool is 50-59 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 2011, 64.1% of the homes in Warrnambool were owner-occupied compared with 63.7% in 2016.

Warrnambool has 19,134 properties. Over the last 5 years, Houses in Warrnambool have seen a 69.50% increase in median value, while Units have seen a 51.28% increase. As at 30 September 2024:

  • The median value for Houses in Warrnambool is $620,818 while the median value for Units is $406,527.
  • Houses have a median rent of $530 while Units have a median rent of $420.
There are currently 197 properties listed for sale, and 23 properties listed for rent in Warrnambool on OnTheHouse. According to CoreLogic's data, 636 properties were sold in the past 12 months in Warrnambool.

Suburb Insights for Warrnambool 3280

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Luke Williams
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Rihanna Macdonald
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Luke Williams Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.