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Sold on 31 Oct 2024 - Price Unavailable

284 Timor Street
Warrnambool VIC 3280

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 155m2
Land area: 387m2
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Property Details for 284 Timor St, Warrnambool

Building Type
Commercial
Floor Size
155m2
Land Size
387m2
Local Government
Warrnambool
Lot/Plan
1/TP19261

Last Listing description (October 2024)

Location
Located in central Warrnambool on the western end of Timor Street, this building is easily accessible by train and buses. Walking distance to all of Warrnambool's central amenities, shops, cafes, restaurants, doctors and supermarkets.

Building

Includes 5 consult rooms plus waiting room
2 x Offices
Kitchen
Onsite parking
Street parking

Tenant
Strong long term tenant in place for over 20 years
3 year term commencing 01/04/2025
Strong yield return with CPI increases

Section 32 available
Flexible settlement terms
10% deposit

Property History for 284 Timor St, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
Last Sold
31 Oct 2024
  • 31 Oct 2024
    Sold
  • 01 Aug 2024
    Listed for Sale Expressions of Interest - Friday 30 August 12pm
  • 08 Apr 2006
    Sold for $489,000
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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 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 19,167 properties. Over the last 5 years, Houses in Warrnambool have seen a 61.76% increase in median value, while Units have seen a 50.43% increase. As at 31 October 2024:

  • The median value for Houses in Warrnambool is $609,090 while the median value for Units is $414,500.
  • Houses have a median rent of $530 while Units have a median rent of $420.
There are currently 206 properties listed for sale, and 16 properties listed for rent in Warrnambool on OnTheHouse. According to CoreLogic's data, 651 properties were sold in the past 12 months in Warrnambool.

Suburb Insights for Warrnambool 3280

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Contact agent
Fergus Torpy
Show contact details
Ray White Warrnambool
Preferred contact:
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.