Burgess Rawson, together with Ludeman Real Estate, are pleased to offer to the market the 116 Fairy Street, Warrnambool VIC for sale via Expressions of Interest.

The property has the following key highlights:

+ Suits owner occupiers, investors and value add buyers – to be sold with vacant possession.
+ Commanding 523sqm* two level building with recent $1 million+ upgrade.
+ Significant depreciation benefits.
+ Building incorporates impressive office split over two levels including 5 offices, meeting room, training room and staff room.
+ Plus ground floor retail tenancy including large commercial kitchen.
+ Brand new lift providing access between ground floor and first floor.
+ Large basement for storage, large garage and storage sheds.
+ Significant 1,198sqm* freehold C1Z landholding with 19 metre* frontage.
+ Important vehicular access via Fairy Street to ample on-title car parking.
+ Prime position in heart of Warrnambool CBD in key office precinct.
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000.
+ Potential 50% Stamp duty Saving.
+ Potential Fully Leased Income: $160,000pa* + GST

For Sale via Expressions of Interest
Closing 3pm Thursday 24th of October 2024

*Approx