Prime CBD Retail Complex – High Yielding Investment

149-165 Koroit Street, Warrnambool VIC

Property Highlights

Three Longstanding ASX Listed Tenants
Large 3,241sqm Retail Building
Rare 60m Street Frontage


+ Prominent 3,241 sqm retail building including 8 retail shops and 1 office – formally known as the ‘Glasshouse Plaza’
+ Cash Converters: ASX listed second hand retailer with a current market cap of $101.7 million (July 2020) over 750 stores in 18 countries worldwide
+ The Reject Shop: Discount retail giant with a current ASX market cap of $266.09 million (July 2020) and over 356 stores nationally
+ Westpac: 2nd largest financial institution in Australia with a current ASX market cap of $66.56 billion (July 2020)
+ Autumn Nails: Experienced & respected local beautician, in operation for 16+ years
+ Significant 3,247 sqm site with rare 60m frontage to Koroit Street plus direct access to pedestrian crossing linking the property with the Target Centre
+ Prized Commercial 1 Zoning (C1Z) suits premium retail uses
+ Diverse income stream from long established tenants including The Reject Shop, Westpac, Cash Converters & Autumn Nails
+ Important direct access to 280 council car parks at the rear via Timor Street
+ Excellent upside with an opportunity to refurbish or redevelop (STCA)
+ Leading CBD retail location supported by major retailers including Coles, Target, McDonald’s, Australia Post, RACV, Telstra and all major banks
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) servicing a growing trade catchment of 100,000+ residents
+ Potential Fully Let Income: $528,000 pa + GST

For Sale by Expressions of Interest
Closing 4pm AEST Thursday 13 August (unless sold prior)

Property Details

Current Tenant
Occupancy Type
Land Size
3,247 SQM
Building Area
3,241 SQM

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