High Yielding Fully Leased Commercial Building | Premium Conversion With Significant Depreciation

Description

CBRE Private Wealth together with Wetherall’s Signature Realty, are pleased to offer to market 81 Queen Street, Warragul VIC for sale via Expressions of Interest as part of National Investment Portfolio 185.

The property has the following key investment highlights:

+ Irreplaceable income diversity, fully leased building with ground floor retail and first floor office tenancies ensuring a strong ‘de-risk’ position.
+ Commercial tenancies include leading wine bar, barbershop, hairdresser, day spa, beauty clinic plus more.
+ Prime 1,831 sqm* double storey former pub with recent major $1.1M+ refurbishment works providing significant tax saving depreciation benefits. The high quality office spaces were leased quickly upon completion with very little local competition.
+ High-profile 1,261 sqm* dual fronted ‘Commercial 1 Zone’ freehold site with 20m* frontage to Queen Street and rear exposure to Williams Square public car park (66 car spaces).
+ Landlord-favourable single management asset with one manager maintaining all commercial leases.
+ Irreplaceable position directly opposite Warragul Train Station & Warragul Station Park.
+ Located at the gateway to Warragul featuring major national retailers Coles, Woolworths, ALDI, Bunnings, McDonalds, KFC, JB Hi-Fi plus many more.
+ Warragul: major commercial hub of West Gippsland located 102km* South-East of Melbourne CBD with a population of 23,273* people and median price of $678,000(2).
+ Shire of Baw Baw: one of the fastest growing LGA’s in regional Victoria with population expected to increase by 43% to 93,737 by 2046(3).
+ Potential 50% stamp duty savings.
+ Net Income has been calculated by deducting non-recoverable outgoings such as management fees. Refer to IM for calculations.
+ Net Income: $465,140 pa* + GST

To be sold via Expressions of Interest
Closing 2pm AEST Wednesday 15 July 2026

Please contact the exclusively appointed agents for more information.

DAVID NAPOLEONE
0417 308 067
David.napoleone@cbre.com

MATTHEW WRIGHT
0458 290 588
Matthew.wright@cbre.com

RACHAEL FABBRO
0412 547 690
Rachael.fabbro@cbre.com

BRENDAN WETHERALL
0467 617 340
Brendan@wetherallsrealty.com.au

*Approx
(2) Realestate.com.au
(3) Forecast.id

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Contact agents
David Napoleone Associate Director
0417 308 067
Matthew Wright Senior Director
0458 290 588
Rachael Fabbro
+61 412 547 690
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Warragul, VIC

81 Queen Street

For Sale by Expression of Interest

This property is part of Portfolio 185

Price: Contact Agent

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