21 Fairy Street, Warrnambool VIC 3280
For Sale $1,150,000

PRIME COMMERCIAL PROPERTY OPPORTUNITY

570m2

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.

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.

Ample on-street parking on Fairy Street, plus free parking across the road in Bayside City Plaza.
Over the past few years, the interior has been repainted, new flooring installed through most of the building, and the roof has been replaced. Features an inviting garden walkway entrance.
A bonus is the potential to build apartment/s and/or more office space on top of property. Perfect holiday rental opportunity with its proximity to the railway station and CBD location.
Exceptional ROI with 3 suites able to be leased separately.
Current occupant is prepared to sign up to a 3x3x3 year $75,000 + GST per annum, representing a 6.5% net return on the price of $1,150,000. OR would be available vacant possession for an end user with 120 days settlement.

Disclaimer:
For Statement Of Information & Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm.

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Lucas Wilson,
Director