INFORMATION MEMORANDUM
21 Fairy Street Warrnambool
$1,150,000
PRIME COMMERCIAL PROPERTY OPPORTUNITY
With size, versatility, position, potential, and parking, this prime commercial property ticks many boxes and is sure to be highly sought after.
The property, with parking for 4-5 cars at the rear, consists of 3 suites that are fully separated and self-contained. Approximately 230 sqm inside.
LOCATION
Prime commercial property on the edge of Warrnambool’s thriving central business district. 21 Fairy Street is a short stroll to the train station, the main street, and Warrnambool’s Lady Bay Precinct. Warrnambool, located in the southwestern part of Victoria, Australia, is a vibrant and dynamic commercial city that has become a hub of economic activity in recent years. With a population of around 35,000 people, Warrnambool boasts a strong and diverse economy, with major industries including agriculture, retail, tourism, education, and healthcare. The city’s strategic location, with easy access to major transport routes and proximity to major regional centers, makes it an attractive destination for businesses looking to expand their operations, and for investors to confidently invest. Warrnambool is an exciting and dynamic commercial city that offers a wealth of opportunities for growth and success.
For more information on Warrnambool visit this link: Welcome to Warrnambool | warrnambool.com
3 SUITE BUSINESS OPPORTUNITY
It consists of 3 suites that are fully separated and self-contained.
Suite 1: Waiting area. Reception area. 4 rooms. Kitchenette.
Suite 2: Waiting area. 5 rooms. Kitchenette.
Suite 3: Waiting area. 2 rooms (could easily be made back to 3). Kitchenette.
There is ample on-street parking on Fairy Street, plus free parking across the road in Bayside
City Plaza.
TENANCY INCOME POTENTIAL
Currently owner occupied the property comprises of three suites (see floor plan below) which could be used/let
separately, or as a whole which is the current situation.
The $75,000 rental figure has been assessed as fair based on an average of $25,000 per annum
for each suite.
APPROXIMATE OUTGOINGS
Council rates: $3,019.38 (annual)
Water Rates (including sewage & water): $718.44 plus water usage 223.83c per kL
IMPROVEMENTS
The property is a rendered brick building in excellent condition. Approximately three years ago
the property had extensive refurbishment works throughout, including a brand-new roof, floors,
paint and other cosmetic improvements.
The vendor also had some preliminary plans drawn up to develop a second storey which can
readily be done, offering further potential, scope and value to the property. This would be
perfect for one or two residential apartments for permanent living or prime holiday rental
accommodation or could be further office/consulting space.
Floorplan
Video Inspection
METHOD OF SALE
The property is being offered for sale via private treaty with a price of $1,150,000.
This represents a potential 6.5% net return based on an estimated proposed $75,000 annual rental figure
(based on the 3 suites attracting an average of $25,000 rent per annum each).
The property can be available with vacant possession available from October 2025.
Phone Wilsons on (03) 55612777
