89 Dunlop Street, Mortlake

Wilsons Warrnambool & District Real Estate are pleased to present this ideally located commercial space on a generous land size of 559m² and a versatile building size of 245m². It occupies a prominent corner site at Dunlop and Webster Streets in the thriving township of Mortlake.

Investment Highlights 

• 2 year lease with 3 further terms of 3 years. Commenced 25th August 2025.
• 3% yearly increases with market reviews on 1st year of each further term.
• Tenant responsible for 100% of outgoings. ( Excluding land tax & Management fees.)
• 7% Rental yield.

Location

89 Dunlop Street occupies a prominent corner site at Dunlop and Webster Streets in the thriving township of Mortlake.

The town is situated approximately 50km from Warrnambool, 87km from Hamilton, 147km from Geelong and 218km from Melbourne.

Mortlake is rich in history and natural beauty, known for its bluestone architecture, serene crater lakes, and thriving agricultural community. Discover its tranquil charm and explore the unique landscapes shaped by ancient volcanic activity.

Approximate population (census 2021): 1,477

The area is a noted stopping point for truck drivers, with demand for heavy vehicle parking, which can create a high, transient visitor population. 

Tenant Profile

Tenant- Omex Group Pty Ltd- Convenience store/ Giftware/Tobacco/Cigarette sales.

$20,800 p/a + GST and outgoings.

Property Details

Building Description 

The building comes equipped with air-conditioning, town water, and a hot water service. Inside, you’ll find a back storage area, a staff breakroom, and a staff bathroom.

This commerical space is on a generous land size of 559m² and a versatile building size of 245m².

Parking

There is a triple-bay storage shed with a single carport attached, and space to park additional vehicles at the rear of the building.

Lease Summary

Lessee- Omex Group Pty Ltd- Convenience store/ Giftware/Tobacco/Cigarette sales.

Lease Term-2 year lease with 3 further terms of 3 years. Commenced 25th August 2025.

Reviews- 3% yearly increases with market reviews on 1st year of each further term.

Outgoings (estimates for the premises)- 

These outgoings are currently paid by the owner and reimbursed by the tenant:

Wannon Water- $1040

Moyne Shire- $1672

Insurance- $3030

Essential Safety measures and fire protection- $500 approx.

Air conditioner/heating annual servicing- $300 approx.

For the insurance the owner pays and then is reimbursed by the tenant, the tenant has their own public liability insurance also.

Net Rent- $20,800 p/a + GST and outgoings.