Located at the Southern end of Liebig Street amongst Warrnambools bustling restaurant precinct is this multilevel freehold opportunity.
Currently leased to Beautiful Creatures Makeup Salon for $53,500 per annum (+GST +Outgoings) the current term runs until June 2026 and allows for 1 further term of 3 years.
Zoned Commercial 1 and boasting approx. 350m2 of lettable space it is a rare opportunity in a tightly held location.
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 19,165 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:
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