127-145 Fairy Street & 239 Lava Street, Warrnambool, Vic 3280

Colliers, in conjunction with Harris & Wood, under instructions from the mortgagee in possession, have been appointed to offer 127-145 Fairy Street and 239 Lava Street, Warrnambool For Sale by Expression of Interest, closing Wednesday 4th June 2025 at 2pm.

Ideally located to the western side of the Warrnambool CBD with proximity to national retailers Target, Coles, Chemist Warehouse, Aldi and Woolworths.

The site presents the perfect opportunity for a developer, investor or owner-occupier looking to redefine this landmark property and capitalise on the size, scale and location within the CBD. 

Permit-approved plans for a mixed-use development are available upon request, highlighting the council's promotion of growth in the area.

Key Features
- Commercial 1 zoning 
- Total land area of 4,122m²*
- Total build area of 2,832m²*
- Dual street frontages to Fairy Street (78m*) and Lava Street (8.5m*)
- Plans and permits for a nine-storey, 56-room hotel and 84 serviced apartments along with 6,597m²* of commercial and retail floor areas 
- Re-position and value-add opportunities
- Vacant possession allowing owner occupiers to redefine this supersite
- 40 plus onsite car parks
- Located in proximity to key national tenants, roads and rail providing excellent connectivity and exposure

Warrnambool is one of Victoria's largest regional cities, located approximately 225km* from the Melbourne CBD. Warrnambool's ongoing population growth will be driven by several residential developments, such as the Northern Edge (480 lots), Wollaston Way Estate (284 lots) and Riversdale Estate (220 lots).

All parties wanting further information or to inspect the property must contact the appointed selling agents to arrange an inspection. 

Colliers agents Chris Nanni on 0438 306 361 or Will Heffernan on 0400 917 179 and Harris & Wood agent Danny Harris on 0497 343 632.

*Approximately.