Property Address: 179-181 Liebig Street Warrnambool VIC 3280
Property Type: Retail
Sale Method: Private Sale
Price Expectation: $770,000
Key Investment Highlights:
- Prime CBD location
- Strong lease in place
LOCATION: WARRNAMBOOL VICTORIA
Warrnambool, located in Victoria, Australia, is a vibrant coastal city known for its picturesque landscapes, rich history, and strong community spirit. Situated along the iconic Great Ocean Road, Warrnambool offers a blend of coastal charm and urban amenities, making it an attractive place for both residents and tourists.
Coastal Lifestyle: Stunning beaches such as Logans Beach and Lady Bay attract surfers, swimmers, and nature enthusiasts year-round.
Heritage and Culture: The city boasts historical sites like Flagstaff Hill Maritime Village and the Warrnambool Art Gallery, reflecting its cultural depth and historical significance.
Education and Infrastructure: Warrnambool provides excellent educational facilities, including schools, TAFE institutes, and Deakin University’s regional campus, enhancing its appeal for families and students.
Economic Hub: As a regional economic centre, Warrnambool supports diverse industries such as agriculture, manufacturing, healthcare, and tourism, offering employment opportunities and economic stability.
Community and Amenities: The city is known for its strong community spirit, with vibrant local events, markets, and recreational facilities like parks, sports clubs, and shopping precincts.
Accessibility: Warrnambool’s proximity to Melbourne (approximately 3 hours by car) and its well-connected transport infrastructure makes it accessible while maintaining a relaxed, coastal lifestyle.
Overall, Warrnambool presents a blend of natural beauty, cultural heritage, economic opportunities, and community vitality, making it an appealing destination for real estate investment and living alike.
Warrnambool’s Central Business District is the primary commercial, retail, and professional services hub for Victoria’s Great South Coast region. With a catchment population exceeding 35,000 and strong seasonal visitation, the CBD supports a diverse mix of national retailers, local businesses, government agencies, medical providers, and hospitality operators.
Anchored by Liebig Street and key precincts including the Gateway Plaza fringe, Ozone car park precinct, and the civic/healthcare zone, the CBD benefits from continual public and private investment. Recent streetscape upgrades, increased outdoor dining, and improved pedestrian connections have strengthened activity, accessibility, and amenity.
The city’s role as a regional service centre drives consistent foot traffic throughout the commercial core, supported by neighbouring education institutions, major employers, and tourism attractions such as the Foreshore Precinct, Flagstaff Hill, and the Logan’s Beach Whale Nursery.
Excellent transport links—including the Princes Highway, frequent V/Line services, and a well-connected local road network—provide easy access for customers and staff. Strong population growth, a stable local economy, and significant infrastructure expenditure continue to reinforce the long-term confidence in Warrnambool’s CBD as a vibrant, resilient, and strategically important commercial environment.
Property Overview
Title Details: Volume 10492 Folio 616 Lot 1 on TP016285E
Zoning: Commercial 1 Zoning –
Aims of the Commercial 1 Zoning – To implement the Municipal Planning Strategy and the Planning Policy Framework, to create vibrant mixed use commercial centres for retail, office, business, entertainment and community uses and to provide for residential uses at densities complementary to the role and scale of the commercial centre.
Site Area: 506m² Building Area: 288m²
Car Parking: Street front parking (non-allocated)
Improvements: Brick construction, amenities including toilets, kitchen and multiple storage rooms
Services: Power, gas, water, telephone, sewer all connected
TENANCY PROFILE
Tenant: Australian Country Retail Pty Ltd, trading as The Stable Door
Lease Commencement: 15th May 2023 Lease Expiry: 15th May 2026 Options: Two further terms of three years
Rent: Current rent $52,000pa
Outgoings: 100% of all building outgoings payable by tenant
Approximate amounts – Rates $5,760pa, Water $1,000pa, Insurance $3,300pa
Yield rate: 6.75% pa
Reviews: Market reviews first year of each further term; a 2% increase in rent applicable on each anniversary of commencement date except for the first year of each further term
DUE DILIGENCE MATERIALS AVAILABLE
Copy of lease
Title & plan
Contract and Section 32
SALE PROCESS & CONTACT DETAILS
Sale Method: Private Sale
Inspections: By Appointment
Contact: Lucas Wilson
Wilsons Warrnambool & District Real Estate
Phone: 03 5561 2777
Email: lucas@wilsonswarrnambool.com.au
Website: www.wilsonswarrnambool.com.au
Disclaimer This Information Memorandum has been prepared solely to assist prospective purchasers in evaluating the property. All information contained herein has been sourced from reliable third parties; however, Wilsons Warrnambool & District Real Estate does not warrant its accuracy. Prospective purchasers should conduct their own due diligence and make independent enquiries.