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

Description

+ 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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
3,247 SQM
Building Area
3,241 SQM

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