342 Raglan Parade
WARRNAMBOOL Victoria 3280
Overview
This property presents a unique investment opportunity located on the eastern side of Warrnambool along the main highway, Princes Highway. It features two income streams, offering both a residential space and a commercial business.
The corner allotment on a service road provides excellent highway frontage, ensuring significant business exposure. This site is ripe for refurbishment and repurposing, making it ideal for everyday commuters, traveling traffic, and visitors attending local events such as school functions and horse racing.
Key features include:
- A one-year lease in place with options for renewal.
- Corner allotment with a 42-meter frontage onto the highway.
- Potential for a cafe or takeaway venture.
- Three-bedroom residence included.
- No competing businesses in the immediate vicinity.
- Attractive rental yield return.
This property is a fantastic opportunity for investors looking to capitalize on a diverse investment in a growing area.
Location
342 Raglan ParadeWARRNAMBOOL Victoria 3280 T
Measurements
| Type | Dimensions |
|---|---|
| Building Area Sqm | 85 |
| Floor Area | 85 sqm |