OFF MARKET

23 Mason Street
Warragul VIC 3820

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 3708m2
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Property Details for 23 Mason St, Warragul

23 Mason St, Warragul is a 2 bedroom, 2 bathroom Unit and was built in 2015. The property has a land size of 3708m2. While the property is not currently for sale or for rent, it was last sold in September 2017.

Building Type
Unit
Year Built
2015
Land Size
3708m2
Local Government
Baw Baw
Lot/Plan
9/PS717849

Last Listing description (December 2017)

Colliers International in conjunction with Wilson Property Residential Commercial Industrial have been exclusively retained to offer for sale the award winning Mercure Hotel Warragul located at 23 Mason Street, Warragul, Victoria
The Hotel has been developed in 2015 within a mixed use development, with the hotel providing 47 4 star rated accommodation suites along with meeting rooms, ground floor reception, two bedroom managers residence and various shared amenities. The wider development includes a gymnasium, restaurant, medical suites and extensive car parking.
Located within the main commercial precinct of Warragul, the hotel in close proximity to the train station, sports grounds, and Princes Highway (M1. Warragul is the main service centre of the West Gippsland region and is experiencing rapid growth in population in recent years. The location provides convenient access to all surrounding regions and destinations including the nearby Baw Baw National Park, Western Port Bay and Lardner Park.

Securely leased on a 20 year lease term, the hotel is currently returning $570,028 per annum (approx.) with annual CPI increases and further terms beyond the initial lease term. With no direct competition for modern accommodation in the town, Mercure Warragul continues to perform strongly, and will be a secure investment for many years to come.
For Sale via Expression of Interest closing Thursday 12th October at 4pm unless sold prior.

Property History for 23 Mason St, Warragul, VIC 3820

A timeline of how this property has performed in the market
Last Sold
$7,750,000
14 Sep 2017
Listed for Rent
$480/w
19 Oct 2022
  • 14 Sep 2017
    Sold for $7,750,000
  • 05 Sep 2017
    Listed for Sale Not Disclosed

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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 12,677 properties. Over the last 5 years, Houses in Warragul have seen a 45.61% increase in median value, while Units have seen a 36.44% increase. As at 30 September 2024:

  • The median value for Houses in Warragul is $683,868 while the median value for Units is $416,749.
  • Houses have a median rent of $520 while Units have a median rent of $380.
There are currently 186 properties listed for sale, and 23 properties listed for rent in Warragul on OnTheHouse. According to CoreLogic's data, 519 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.