Entry Level Freehold Investment Leased to Longstanding Tenant

52-56 Murray Street, Colac VIC

Property Highlights

Renewed 3 year lease to October 2023
Large 727sqm site with C1Z Zoning
Tenant pays usual outgoings
Register to Bid

Description

+ Renewed 3 year lease plus options to 2029
+ Longstanding and successful business for 25 years
+ Substantial 645sqm* building with 14m double shop front
+ Significant 727sqm site with premium commercial 1 zoning
+ Prominent location surrounded by national tenants such as Bunnings, Coles, ANZ, NAB
+ Single tenant minimum management investment
+ Tenant pays usual outgoings
+ Colac: Strong commercial centre midway between Geelong and Warrnambool servicing a trade catchment in excess of 32,000
+ Colac Otway Shire: population forecast to grow by 25.2% in 2041**
+ Net Income: $48,000

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December

*Approx.
**Forecast ID

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
727 SQM
Building Area
645 SQM

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