Colac

45 Corangamite Street

Colac

45 Corangamite Street

$1,790,000

1647 sqm


Longstanding Tenant in Occupation Since 2003 - A Betta Investment Hard to Find.

Auction Location: River Room, Crown Casino Melbourne.

• Renewed 5 year lease to November 2019 plus options
• Ball & Croft (trading as Betta): A Colac mainstay established 1929
• Annual CPI rent reviews
• Tenant pays all usual outgoings
• Impressive 1,770 sqm retail showroom with 40 metre retail frontage
• Long established and successful store in prime retail location amongst Coles Supermarket, Target and numerous nationals
• Significant 1,647 sqm landholding with premium Commercial 1 Zoning
• Single tenant, minimum management investment
• Colac: important commercial service centre drawing on a captive trade catchment population in excess of 32,000
• Rent: $119,275 pa.

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Features

  • Property IDR2-985904
  • Land Size1647.00 sqm
  • Building Size1770.00 sqm

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