132-134 Timor Street, Warrnambool VIC 3280

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