Landmark Stawell Investment with Secure Income & Growth Upside

An outstanding opportunity to secure a prime dual freehold investment in the thriving regional centre of Stawell, now offered at an attractive price range of $670,000 - $680,000. Comprising three titles across two adjoining properties, this tightly held asset provides a compelling blend of retail and administrative accommodation, underpinned by a long-standing lease to a highly successful multi-site tenant.

56 Main Street, Stawell features a prominent shopfront with excellent exposure and strong pedestrian traffic. The property is leased to Waacks Bakery, a locally founded, award-winning business established in 1995. The holding includes both the retail frontage and substantial bakery facilities to the rear, forming the core of the tenant's operations.

Adjoining this, 4 Florence Street provides additional commercial accommodation currently utilised by the same tenant as administration offices, ensuring complementary and secure use across both properties. Waacks Bakery is a respected family-owned business with proven growth, having expanded into Ararat in 1999 and Horsham in 2006. Their significant investment in the fit-out of both properties highlights a strong long-term commitment to the location.

Together, the properties generate a combined annual rental income of $51,612.60, with leases commencing in March 2016 and currently within a three-year term expiring in March 2028. Two further three-year options are available. The rent is subject to a CPI review in March 2026, providing built-in income growth. Importantly, the tenant pays 100% of all outgoings, delivering a secure and low-maintenance investment.

Set across three titles, the total landholding comprises approximately 1,358 square metres and is zoned Commercial 1. The site benefits from high-profile main street exposure, dual street access, ample parking and excellent visibility within a well-established commercial precinct.

In addition to the strength of the existing tenancy, the properties offer genuine future development upside. The flexible zoning, generous land size and dual frontages make the site well suited to future retail, office or mixed-use redevelopment, should the tenant ever vacate.

This is a high-quality regional investment offering secure income today, CPI-linked growth and strong long-term potential. Opportunities of this calibre, with proven tenants and flexible development attributes, are rarely available in regional Victoria.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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