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About this property
Positioned in a highly sought after central Warrnambool location, this standout property offers immediate income at the front with four fully operational squash courts, complete with male and female amenities, storage areas and an office. At the rear, the opportunity continues with three apartments in various stages of completion: • Two x two bedroom, one bathroom apartments nearing completion • One future three bedroom apartment with framing already in place This is a rare chance to transform the site into high demand central apartments, all within walking distance to Warrnambool's CBD, South West Healthcare (Warrnambool Base Hospital), shops, cafés and services. The proximity to the hospital makes the residential component particularly attractive for medical professionals, hospital staff and long-term tenants. With the potential to: • Generate dual income (commercial + residential) • Complete and hold as a strong investment • Or convert the entire complex into an apartment building and resell for profit Opportunities like this don't come around often. Vision, location and upside - all in one exceptional central Warrnambool property.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Land Area
- 1123 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Warrnambool
This 4-bedroom house in Warrnambool, VIC 3280 sits within reach of public transport, local shops and nearby schools.
Schools near Warrnambool
- King's Collegecombined · Prep-12 · CoEd
- Merri River Schoolcombined · U · CoEd
- Merrivale Primary Schoolprimary · Prep-6 · CoEd
- St Pius X Schoolprimary · Prep-6 · CoEd
- Warrnambool East Primary Schoolprimary · Prep-6 · CoEd
- Warrnambool Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Warrnambool Railway Station (train) — 362 m away
- Aldi — 508 m away
- Victoria Park — 956 m away
- James Swan Reserve — 990 m away
- Unnamed — 1.2 km away
Warrnambool at a glance
Full suburb profile- Population
- 31,308
- Median age
- 42
- Household income
- $1,385/wk
- Median rent
- $290/wk
- Median mortgage
- $1,408/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Warrnambool price trend
Median sold · House 4 bed
Compound growth +1.2% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Warrnambool marketSide-by-side analysis
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