Freehold , Land, Business
Top Location – OVER 2 ACRES on sale.
Proud to offer one of Warragul’s most prominent properties For Sale.
Very Rare Opportunity for its location, land size and zoning.
Located at the entrance of this lovely town.
With great main road Exposure.
Massive Princes Highway frontage 80 Metres and great access into and out of the site.
Zoning allows for a multitude of uses STCA.
Will suit Petrol Station, Car Wash, Bottle shop, Retail, Child Care, Residential Developments and more!!
Kriesl & Veterinary
23 – 27 Princes Highway
Warragul. Victoria
Land Size Roughly 9,000 Square Metres Only been subdivided and sold.
Surveyor to prepare accurate land subdivision and layout drawings.
(Total site is over 17,000 Square Metres but only selling 9,000 Square Metres)
Warragul Population 19,914
Priced at $10 Million for the 2 Titles to be subdivided.
2 Titles of Land include:
Title 1 – Engineering Workshop and rear vacant block.
Title 2 – Veterinary Building
Warragul is situated in West Gippsland and just over 100 Kilometres South East of Melbourne.
High growth town with major Residential Developments and Population growth over last few years.
Population in 2016 was 14,410 and in 2021 grown to almost 20,000.
Two buildings on the site plus massive rear section which will be cleared of the containers and other items.
Building 1 is leased to a local VET for very low rental with about 10 months remaining on the lease. This was a Caltex Service station for many years. Caltex vacated the site 40 years ago.
There are 3 Tanks – 10,000 Litres each.
Diesel located outside the workshop. 1 Standard Fuel and 1 Super Fuel. 1 Tank was removed by Caltex on vacating the site.
Building 2 is Fitter Turner manufacturing warehouse the vendors have operated the successful family business for over 50 years.
Due to the uniqueness of the this block, there isn’t much to compare it to, but below is some recent sales and on market properties.
From the below
On Market:
1/59 Victoria St Warragul – office – 875 Square Metres Under Offer for $2Million Ex GST. ($2,285 Per Square Metre)
70 – 76 Victoria St Warragul – Church – 1560 Square Metres on Market for $2.27 Million Ex GST. ($1455 Per Square Metre)
Residential Block of Vacant Land – 600 Square Metres averages $500 – $600,000. ($900 – $1,000 Per Square Metre)
Recent Sales:
11 – 13 Napier St – SOLD $1 Million – 363 Square Metre retail. – Feb 2022. ($2754 Per Square Metre)
22 – 24 Victoria St Warragul – SOLD $1,020,000 – 240 Square Metre retail – Nov 2021. ($4,250 Per Square Metre)
Please feel free to advise if require any more information or to book a full inspection.
