571-575 Raglan Parade Warrnambool IM

Wilsons Warrnambool & District Real Estate are delighted to present to the market this extraordinary commercial investment opportunity.  Positioned on Raglan Parade (Princes Highway), this Commercial 1 zoned asset benefits from strong annual rent growth, landlord-favourable lease terms and exceptional exposure.

INVESTMENT HIGHLIGHTS

• 7 year lease to Victorian Government through to 2028 plus 2 further 5 year options through to 2038.
• Landlord favourable net lease terms with the Victorian Government responsible for outgoings including land tax and building insurance, as well as approximately 30% of the management fees.
• Significant 1,504m2 Commercial 1 zone site with on-site car parking and 28m frontage to Raglan Parade (Princes Highway). 5-star NABERS rating.
• Income growth with fixed annual rent increases.
• Net income: $316, 982 p.a + GST (as of February 2026). This represents a 6.25 % net return, with potential upside to come in addition to depreciation benefits.

Location

Warrnambool is Victoria’s largest coastal city (outside Port Phillip Bay) located 260km South-West of Melbourne CBD with a growing trade catchment of circa 100,000.

A growing regional city, Warrnambool’s main trade area population is expected to increase 105,630 in 2041. 

The thriving tourism hotspots of Port Campbell, Port Fairy and Warrnambool attract more than 2 million visitors combined each year. 

Warrnambool currently generates an output of $4.9 Billion and supports approximately 18,518 jobs. 

Tenant Profile

Family Safety Victoria is leading the statewide roll-out of The Orange Door network. The network aims to be accessible, safe and welcoming, providing quick and simple access to support for adults, children and young people who are experiencing family violence.

Services at the Orange Door include:

• Risk and needs assessments
• Safety planning
• Crisis support

The Orange Door was introduced as a result of the Royal Commission into Family Violence, with the Victorian Government investing $3.7 Billion since the Royal Commission.

The Orange Door network has supported more than 216,000 people across Victoria, including more than 87,000 children, since it commenced in 2018.

The Orange Door aims to provide:

• A more visible contact point so that people know where to go for support.
• Help for people to identify family violence plus child and family safety and wellbeing issues.
• Advice based on the latest risk assessment tools and best available information.
• Specialist support and tailored advice for victims, children and families, and perpetrators.
• A strong focus on perpetrator accountability.
• An approach across the spectrum of prevention, early intervention and response.
• Connection and coordination of access to support.
• A system-wide view of service capacity, client experience and outcomes.

For more information, please CLICK HERE to visit The Orange Door Website.

Property Details

Location

The property is located on the southern side of Raglan Parade (Princes Highway), at the Northern end of the Warrnambool CBD, between the Liebig and Kepler Street intersections.

McDonalds adjoins the property on the east side, other nearby national retailers include Coles, KFC and Reece, plus many major banks.

Title Details

Volume 11320 Folio 801

Lot 1 on Plan of Subdivision 609499R

Site Area

The subject site is mostly rectangular in shape and includes the following approximate measurements:

Northern Boundary (Raglan Parade) approx 28.03m

Eastern Boundary (ROW) approx 53.04m

Southern Boundary (Irregular) approx 28.02m

Western Boundary approx 55.56m

Office building approx 1,305 sqm

Total site area approx 1,504 sqm

Zoning 

Commercial 1 Zone (C1Z) under the Warrnambool City Council planning Scheme.

Building Description 

The improvements comprise a state-of-the-art single level office building approximately 1,305sqm, boasting an impressive 5 Star NABERS rating.

In late 2021, the Victorian Government and their contractors completed a major refurbishment of the building. The refurbishment works included a substantial office fit-out, structural upgrades to front and rear entrances and new air-conditioning system.

The building encompasses a reception foyer, waiting area, open plan work stations area, large board room, staff hubs, meeting rooms, consultation rooms, offices, break-out rooms, kitchen and amenities. 

Parking

There are four marked car spaces on the title. 

Lease Summary

Lessee- The Honourable Danny Pearson MP- Assistant Treasurer for and behalf of the State of Victoria.

Lease Term- Seven (7) year lease commencing 11 February 2021 through to 10 February 2028.

Options- Two (2) further options of five (5) years to 10 February 2038.

Reviews- Fixed 2% annual rent increases with market review at the commencement of each further term.

Outgoings- Tenant responsible for all usual outgoings including land tax and building insurance, as well as approximately 30% of the management fees.

Net Rent- $316, 982 p.a + GST (as of February 2026)

CLICK HERE TO DOWNLOAD CURRENT LEASE.