Business property in CBD available on the market | The Commonplace

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A commercial property in the Warrnambool CBD is on the market. Falk and Co director David Falk said the property at 248-254 Timor Street is a great investment. He said the building, which has a long-term tenant – Camerons Plumbing – offers 2022 square feet in a prime location. “It has a lease with excellent returns of about $ 123,000 a year,” said Falk. “The property offers an exposed and prominent retail position in the heart of the CBD, consisting of a showroom, warehouse, mezzanine area, two additional warehouses, a concrete courtyard and – of course, a rear entrance.” Mr. Falk said the property will be sold through an expression of interest. The interest in commercial real estate in the city is stronger than it has been in a few years. Mr. Falk said “Set and Forget” properties with long-term tenants are of particular interest. According to Mr. Falk, a commercial block in Port Campbell is another offering that is proving to be popular. The 463-square-foot block on Lord Street was the first to hit the market in a few years, he said. “There has been a lot of interest in this block in the past few weeks,” he said. Mr Falk said the block would be ideal for a retail store with one or two units upstairs. He said an industrial block in Allansford had also attracted a lot of interest recently, with 13 expressions of interest received. Residential real estate remains in high demand, Falk said, with most buyers looking for a home under $ 750,000. IN OTHER NEWS: Now just a tap of the finger with our new app: Digital subscribers now have the convenience of fast news at their fingertips with The Standard: Our journalists are working hard to provide the community with local, current news. Here’s how you can access our trusted content:

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A commercial property in the Warrnambool CBD is on the market.

Falk and Co director David Falk said the property at 248-254 Timor Street is a great investment.

He said the building, which has a long-term tenant – Camerons Plumbing – offers 2022 square feet in a prime location.

“It has a lease with excellent returns of about $ 123,000 a year,” said Falk.

“The property offers an exposed and prominent retail position in the heart of the CBD, consisting of a showroom, warehouse, mezzanine area, two additional warehouses, a concrete courtyard and – of course, a rear entrance.”

Mr. Falk said the property will be sold through an expression of interest.

The interest in commercial real estate in the city is stronger than it has been in a few years.

Mr. Falk said “Set and Forget” properties with long-term tenants are of particular interest.

According to Mr. Falk, a commercial block in Port Campbell is another offering that is proving to be popular.

The 463-square-foot block on Lord Street was the first to hit the market in a few years, he said.

“There has been a lot of interest in this block in the past few weeks,” he said.

Mr Falk said the block would be ideal for a retail store with one or two units upstairs.

He said an industrial block in Allansford had also attracted a lot of interest recently, with 13 expressions of interest received.

Residential real estate remains in high demand, Falk said, with most buyers looking for a home under $ 750,000.

BEST LOCATION: Commercial properties are in great demand in the city.

BEST LOCATION: Commercial properties are in great demand in the city.

Now just one tap with our new app: Digital subscribers now have the convenience of faster messaging right at their fingertips with The Standard:

Our journalists work hard to bring local, breaking news to the community. Here’s how you can access our trusted content: