SOLD
Sold on 30 Aug 2024 for $1,925,000

493 Raglan Parade
Warrnambool VIC 3280

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1009m2
Sold By
Harris & Wood Real Estate
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Property Details for 493 Raglan Pde, Warrnambool

Building Type
Commercial
Land Size
1009m2
Local Government
Warrnambool
Lot/Plan
17~23/PP5841

Last Listing description (September 2024)

Securely leased to Repco (owned by the New York Stock Exchange listed Genuine Parts) is this tilt panel constructed property in Warrnambool, Victorias largest coastal city outside of Port Phillip Bay.

Boasting a current term of lease through to November 1st, 2027, plus 3x3, zoned Commercial 1, with land content of approx. 1,009m2 and rent of $101,288 +GST plus outgoings, it is an asset offered for sale for the first-time and underpinned by its highway frontage location.

Property History for 493 Raglan Pde, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
Last Sold
$1,925,000
30 Aug 2024
  • 30 Aug 2024
    Sold for $1,925,000
  • 08 Aug 2024
    Listed for Sale Auction: $1,300,000 - $1,400,000
  • 14 Nov 2003
    Sold for $290,000
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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 211 properties listed for sale, and 23 properties listed for rent in Warrnambool on OnTheHouse. According to CoreLogic's data, 655 properties were sold in the past 12 months in Warrnambool.

Suburb Insights for Warrnambool 3280

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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.