UNDER CONTRACT.

A rare offering with some many options is this mixture of commercial and residential.
Offering two commercial spaces, both leased and two residential premises both leased.

Shop 1 - 45sqs of shop space + storage (lease until May 2022)
Shop 2 - 63.75sq of shop space (periodic lease)
Apartment - 3 bed, updated kitchen, bathroom, north facing sky deck, double garage (March 2022)
Whalers Cottage - 3 bedrooms refurbished - (periodic lease)

Total return of approx $77,000 per annum.

A mixture of commercial and residential ensures that your property portfolio is well equipped for any market.

Both commercial spaces offer small kitchenettes and toilets.

Upstairs apartment provides three spacious bedrooms, sunlit dining, modern kitchen, expansive deck and makes for the ideal Air BnB or live in.

The Whalers Cottage provides three comfortable size bedrooms, along with lounge, bathroom and private garden.

With a strong return and room for further development and lease upgrades this is a great return.

A stand alone cottage lends itself for subdivision, whilst the large shedding and storage facilities could be converted and developed into potential apartments (STCA).

Situated in the heart of Warrnambool and within walking distance to the beach this is a unique opportunity for any investor.

Offered via Expressions of Interest - Closing 7 January 5pm.

Flexible settlement options available

5 - 10% deposit

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.

Due diligence checklist for home and residential property buyers.

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School catchments

Warrnambool College-Wave Campus Secondary Government 0.89km
Warrnambool Primary School Primary Prep-6 Government 0.94km
Warrnambool East Primary School Primary Prep-6 Government 1.3km
Emmanuel College Warrnambool - Rice Campus Secondary Catholic 1.4km
St Joseph's School Primary Prep-6 Catholic 1.5km
Warrnambool College Secondary 7-12 Government 1.7km
Emmanuel College Warrnambool - McAuley Campus Secondary 7-12 Catholic 1.8km
Merrivale Primary School Primary Prep-6 Government 2.5km
Warrnambool West Primary School Primary Prep-6 Government 2.6km
St Pius X School Primary Prep-6 Catholic 2.8km
Our Lady Help of Christians School Primary Prep-6 Catholic 3.1km
King's College Combined Prep-12 Independent 3.3km
Brauer Secondary College Secondary 7-12 Government 3.7km
St John's School Primary Prep-6 Catholic 5.0km
Woodford Primary School Primary Prep-6 Government 7.7km
Allansford and District Primary School Primary Prep-6 Government 9.3km
Grasmere Primary School Primary Prep-6 Government 11.6km
St Patrick's School Primary Prep-6 Catholic 13.8km
Koroit And District Primary School Primary Prep-6 Government 14.4km
Cudgee Primary School Primary Prep-6 Government 15.2km
Hawkesdale P12 College Combined Prep-12 Government 34.2km
Terang College Combined Prep-12 Government 41.2km
Mortlake P-12 College Combined Prep-12 Government 43.8km
Timboon P-12 School Combined Prep-12 Government 44.2km
Mercy Regional College - O'Keeffe Campus Secondary Catholic 44.5km
School for Student Leadership-Gnurad Gundidj Campus Secondary Government 48.2km
Cobden Technical School Secondary 7-12 Government 51.1km
Mercy Regional College Secondary 7-12 Catholic 59.8km
Camperdown College-Brooke Street Combined Government 59.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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