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Adairs & Victorian Government, 118-120 Lava Street, WARRNAMBOOL, VIC, 3280
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Adairs & Victorian Government, 118-120 Lava Street, WARRNAMBOOL, VIC, 3280

2. Property Highlights

New 6 & 7 year agreements to Victorian Government & Adairs
  • New 7 year licence to Vic Gov
  • New 6 Year lease to ASX listed Adairs
  • Significant $1M refurb in 2021

**50% Stamp Duty Saving***

+ Victorian Government: New 7-year licence plus 5 x 5 year options through to 2038

+ Adairs: New 6 year lease plus 6 year option through to 2033

+ Adairs Ltd: ASX listed, 160 stores (Aus/NZ), current market cap of $644M

+ Prime Warrnambool CBD location, positioned perfectly between Coles & McDonald’s

+ Newly refurbished 800sqm* building including new roof

+ Large 1,150sqm freehold site, 20+ metre of frontage plus additional parking

+ Warrnambool: Victoria’s largest coastal city (outside of Port Phillip Bay) with a growing trade catchment circa 100,000 approx.

+ Net Rent: $176,000 pa + GST

For Sale by Private Treaty

Remember to mention you found this property on CommercialReady.com.au

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Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Message
+61 413 839 898 bcoulter@burgessrawson.com.au Message
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588
Message
+61 458 290 588 mwright@burgessrawson.com.au Message
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Message
+61 413 860 304 rholderhead@burgessrawson.com.au Message

3. Property Location

Adairs & Victorian Government, 118-120 Lava Street, WARRNAMBOOL, VIC, 3280

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Adairs & Victorian Government, 118-120 Lava Street, WARRNAMBOOL, VIC, 3280 Warrnambool
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Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Enquire
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