SOLD
Sold on 11 Jul 2024 for $1,650,000

1/65-67 Victoria Street
Warragul VIC 3820

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 230m2
Sold By
Wilson Property
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Property Details for 1/65-67 Victoria St, Warragul

Building Type
Commercial
Land Size
230m2
Local Government
Baw Baw
Lot/Plan
1/PS501012

Last Listing description (September 2024)

The perfect investment - medical, prime location, compounding rent and security of tenure
> 10 year lease commenced 8th May 2020 with 2 x 5 year options
> Current net rent $96,289.06 p/a (tenant pays all outgoings excluding land tax)

> Compounding rent at fixed 3.5% annual increases
> Total building area 238m2*, with 12 designated** on site car spaces
> High profile CBD location with 2 street frontages, opposite Woolworths and Harvey Norman
> Zoned Commercial 1 (C1Z) - Baw Baw Planning Scheme
> Potential 50% stamp duty concession available from April 2024
> Tenant: My Foot Dr (Aust) Limited. My Foot Doctor is owned by Healthia Group, Australia's Largest Allied Health Group. Healthia has over 300+ clinics across Australia and New Zealand, with providers across a range of different allied health disciplines including physiotherapy, podiatry, optical & audiology

For Sale via Expression of Interest closing Thursday 30th May 2024 at 3:00pm
(if not sold prior)

* (approx)
** (as per arrangement with owners corporation)

Property History for 1/65-67 Victoria St, Warragul, VIC 3820

A timeline of how this property has performed in the market
Last Sold
$1,650,000
11 Jul 2024
  • 11 Jul 2024
    Sold for $1,650,000
  • 23 Apr 2024
    Listed for Sale Contact Agent
  • 08 Mar 2002
    Sold for $135,000

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About Warragul 3820

The size of Warragul is approximately 55 square kilometres. It has 43 parks covering nearly 4.4% of total area. The population of Warragul in 2011 was 14,073 people. By 2016 the population was 15,764 showing a population growth of 12.0% in the area during that time. The predominant age group in Warragul is 50-59 years. Households in Warragul are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warragul work in a professional occupation. In 2011, 71.9% of the homes in Warragul were owner-occupied compared with 72.7% in 2016.

Warragul has 12,743 properties. Over the last 5 years, Houses in Warragul have seen a 35.09% increase in median value, while Units have seen a 36.71% increase. As at 31 January 2025:

  • The median value for Houses in Warragul is $669,213 while the median value for Units is $417,829.
  • Houses have a median rent of $530 while Units have a median rent of $385.
There are currently 190 properties listed for sale, and 37 properties listed for rent in Warragul on OnTheHouse. According to CoreLogic's data, 560 properties were sold in the past 12 months in Warragul.

Suburb Insights for Warragul 3820

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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.