Warrnambool CBD Investment Property with Shopfronts and Development Potential

203a Koroit Street, Warrnambool, Vic 3280

For Sale

203a Koroit Street, Warrnambool, Vic 3280-Image

203a Koroit Street, Warrnambool, Vic 3280-Floorplan

House

Type

Bedrooms

Bathrooms

Parkings

2,034 m²

Area

Published on Tuesday, June 23, 2026 ( See property details for 203a Koroit Street, Warrnambool, Vic 3280)

$1,350,000-$1,450,000

View the agent price guide.

David Falk - Real Estate Agent - Falk & Co - Warrnambool

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile CBD property offering retail, residential, and development potential with established tenants and excellent exposure in Warrnambool.

🏡 Property Highlights

High-exposure CBD location with two shopfronts and a residence, offering versatile retail and living options.
Established long-term tenants, including a coffee shop and barbershop, ensuring reliable income.
Potential for future development on a substantial 2,034 m² site in a vibrant city-edge precinct.
Prime pedestrian activity with high visibility on Koroit Street, attracting consistent foot traffic.
Convenient access to nearby amenities, public transport, and parking facilities.
Well-maintained mid-century modern three-bedroom residence with functional layout and double garage.

✨ Key Features

Garage
Open-Plan Living
Built-in Robes
Outdoor Area
Secure Parking
Waterfront / Views
Home Office / Study
Extra Storage (Shed/Linen)
NBN / High-Speed Ready
Pet-Friendly

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203a Koroit Street

Warrnambool, VIC 3280

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Suburb and Property Insights of Warrnambool, VIC 3280

Warrnambool is a vibrant coastal city renowned for its lively CBD, diverse dining and shopping options, and strong community atmosphere. The suburb offers excellent connectivity with public transport, proximity to beaches, and a growing pedestrian-friendly precinct. Its strategic location makes it ideal for retail, hospitality, and residential investments, supported by a steady flow of visitors and locals alike. The area’s ongoing development and revitalisation initiatives further enhance its appeal for investors seeking long-term growth.

Frequently Asked Questions

What are the current rental incomes for the existing tenants?

The property is currently leased to long-term tenants, including a coffee shop and barbershop, providing reliable income; specific rental figures can be obtained from the selling agent.

Is there potential for future development or subdivision on this site?

Yes, the property offers future development potential, subject to council approval and zoning regulations, making it an attractive option for investors.

What are the zoning restrictions and planning controls for this property?

Zoning details and planning controls can be confirmed through the Warrnambool City Council; prospective buyers should conduct due diligence regarding development and usage rights.

Are there any existing easements or covenants affecting the property?

Easements or covenants, if any, are detailed in the title search; buyers are advised to review the title documentation for full disclosure.

What are the ongoing costs associated with owning this property?

Ongoing costs may include council rates, maintenance, insurance, and management fees; detailed estimates can be provided by the selling agent.

What to ask about this property to agent?

Are there any upcoming planning or development applications in the vicinity that could impact the property? Has the property been inspected for structural issues or pest infestations? Are there any hidden costs or upcoming maintenance requirements for the shopfronts or residence? Is the property compliant with all local building codes and safety regulations? Are there any restrictions or covenants on future development or alterations? What are the noise levels and potential disruptions from nearby businesses or construction? Are there any known environmental risks such as flooding or bushfire zones affecting the property? Is there any strata or body corporate management involved, and what are the associated fees? Are there any zoning restrictions that limit the type of future development? What is the history of the property regarding previous uses and any associated liabilities?

203a Koroit Street, Warrnambool, Vic 3280 - More Details

$1,350,000-$1,450,000

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 2,034 m²
House Size: 430 m²

Price guide

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203a Koroit Street, Warrnambool, Vic 3280 - Point Of Interest

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