Colac

130-132 Murray Street

Colac

130-132 Murray Street

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Impressive Westpac Bank Investment

One of the Western District’s best investments. Located in
arguably the best position in Colac this prime retail
investment is one of the area’s most exciting
opportunities, with a secure 5 year lease in place with
Westpac Banking Corporation. This prominent
building boasts dual street frontage and rear on site
car parking. The property is further enhanced by a
secure residential lease on the first floor. Colac is a
significant regional centre located between Geelong
and Warrambool with an estimated catchment area of
30,000 people.
Further enhanced by a flexible Commercial 1 zoning
and close proximately to other national tenants such
as Aldi, Coles and Bunnings, this opportunity will be a
fantastic addition to any investors property portfolio.
Features Include:
• AAA Tenant- Westpac Banking Corporation
• 5 year lease with a 5 year option (commenced)
• Fixed 3 % annual increases
• Substantial land area of 589sqm
• Dual frontage, with onsite car parking
• Total annual income $104,625 net (plus outgoings
and GST)
• Circa 7% yield expected

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Features

  • Property IDR2-887987
  • Building Size589.00 sqm

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