Highly Anticipated Development Site - Three Street Frontages. Right Here in Warragul.
This Space Looks Like
Opportunities of this scale, exposure and flexibility don't come along often.
Positioned on one of Warragul's most prominent corners, 147 Queen Street presents a substantial Commercial 2 Zoned holding comprising 3,501m²* of land and 732m²* of building area. Absolute prime location offering exceptional future potential, this is a property that will appeal to investors, developers and owner-occupiers planning for the next chapter.
Adding to its appeal, the property is being offered with an existing lease in place, providing an immediate income stream of $140,824.32 p.a while future plans are considered.
On The Property
The combination of a significant landholding, expansive building footprint and valuable three street frontages creates a rare commercial offering with exceptional accessibility and exposure from multiple directions.
Whether you're seeking a long-term investment, land-bank opportunity or future development site (STCA), the foundations are already in place.
Secure income today. Future potential tomorrow.
Property Highlights
> Site area of 3,501m²*, with 178m* of street frontage to Queen, Normanby & Mavis Street
> Building area of 732m²*
> Commercial 2 Zone (C2Z)
> Three street frontages providing outstanding exposure and access
> Current rental income of $140,824.32 p.a + GST + Outgoings
> Existing lease in place until May 2028 with 1 further term of 3 years
> Significant future development potential (STCA)
> High-profile corner location
> Suitable for investors, developers and owner-occupiers
> Rare large-scale commercial holding in a tightly held market
On The Area
Queen Street is one of Warragul's most recognised commercial corridors, connecting established businesses, major retailers and everyday services. With a growing population, strong regional economy and continued commercial expansion, Warragul remains one of Gippsland's most sought-after investment destinations.
Call To Action
If you're looking to secure a highly anticipated development site right here in Warragul, get in touch with Ben Wilson, Emma Dunne & Emily Whitty today.
For Sale via Expression of Interest Closing Wednesday 5th August at 3pm (if not sold prior)
*(approx.)
Remember to mention you found this property on DevelopmentReady
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